And On Election Day, Eight More States Legalized Pot In One Form Or Another.

“The president understands the pain and suffering that many people go through who are facing especially terminal diseases and the comfort that some of these drugs including medical marijuana can bring to them,” Spicer said last week. But investors could be fleeing medical marijuana companies, too, because their options for growth into recreational have become narrower. “Business decisions regarding the recreational part of the industry are going to be under a cloud for the foreseeable future,” said Isaac Boltansky, Washington policy analyst for Compass Point Research & Trading. Pot stocks are heading in the opposite direction from the Dow, which has been hitting record highs. Innovative Industrial Properties announced its plans to go public last October. It seemed like a good idea at the time: More and more states have voted to legalize marijuana, both medical and recreational, in recent years. And on Election Day, eight more states legalized pot in one form or another. But Trump was also elected, and his administration has Medical marijuana stocks not been friendly to the movement. Marijuana remains a Schedule I controlled substance, which makes it illegal and equal to heroin in the eyes of the federal government.

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