Category Archives: News

14 Stocks to Watch if Marijuana Becomes Legal

The 2012 elections witnessed the first two states to legalize recreational use of marijuana in Colorado and Washington.

Since then, other states have taken action toward legalization and most polls now show more than half of Americans in favor of legalizing recreational use of marijuana and regulating it similar to alcohol and tobacco.

While federal legislation legalizing the use of marijuana may be a few years away, the tide has clearly turned in its favor. This could have huge implications in business and specifically the stocks of companies that stand to benefit from pot legalization.

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Pot business loan issue is on agenda as banking group meets

For the nascent marijuana industry in Colorado and Washington there is a lot riding on a meeting Thursday in Washington, D.C., of an obscure financial-watchdog group.

It’s been three months since the federal Department of Justice (DOJ) announced it would let voter-approved legal pot laws in those two pioneering states proceed. And once that signal was given, all key parties acknowledged the next big challenge: getting banking services to pot merchants so they won’t have to conduct all their business in cash.

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