Pot Stocks and the STATES Act

I didn’t watch Trump’s speech on Tuesday.

Nor did I watch the response from the Democrats.

To be honest, I was having a great night and didn’t want to ruin it by listening to a bunch of lies and misinformation that has become somewhat obligatory for partisan slaves and knuckle-dragging bureaucrats.

So instead, I took five milligrams of my favorite chocolate edible and spent the rest of the evening playing online chess.

Although what happens in Washington is important from the perspective of one who wants to be well informed, I really just don’t have much interest anymore in anything that involves partisan pissing contests.

In fact, the only time I even pay attention now is when I see bipartisan unity on issues that will make me money.

Call me an opportunistic scumbag if you want, but one thing I know for certain is that if the jackass and the elephant come together to actually do something, it means there’s a mountain of cash to be made for them and, of course, us.

States’ Rights = Profits

It’s called the STATES Act.

And it seems to be one of the few pieces of legislation that actually has the votes needed to pass.

For the most part, both sides of the aisle are backing this thing.

The STATES Act would allow the U.S. Congress to recognize individual state laws regarding the legalization of cannabis, thereby ensuring that states that have legalized will be exempt from federal enforcement.

Basically, it allows states to legalize cannabis without the threat of the federal government coming in and flexing its muscle.

In terms of honoring states’ rights, this is a very big deal. But it’s also a very big deal for cannabis investors.

Here’s why…

Here Comes the BIG Money!

With the passage of the STATES Act, cannabis companies operating in states that have legalized the plant will finally have access to banking services.

Because cannabis is still illegal on the federal level, banking services, for the most part, have been unavailable to cannabis businesses. This is why the industry still operates in cash. And as you can imagine, when you’re talking about a billion-dollar-a-year business, this can become a very serious security issue.

But with the STATES Act in place, this will change.

George Allen, President of Acreage Holdings (OTCBB: ACRGF), opined on this, saying:

The illegality of cannabis at the federal level has put much of the financial industry off-limits to businesses operating legally in two-thirds of the states. But most lawmakers agree that the awkward dual legal status of cannabis has gone on too long, and they will vote in 2019 to pass the act to protect U.S. states that elect to legalize cannabis. The bill will not only allow cannabusinesses to bank, but it will also spark a big bang in terms of investment. We will see a frenzy of activity and attention when the first institutional investors join the fray.

Allen is 100% correct on this.

Until now, the majority of cannabis investment dollars has not come from the major financial institutions because of the federal prohibition on this plant. But with the go-ahead from the federal government — by way of the STATES Act — this all changes. And with that change will come a tsunami of capital that’s been waiting very impatiently to get a piece of this action.

Mark my words: With the passage of the STATES Act, you’re going to see a huge jump in the valuations of cannabis stocks. And that’s why we’ve been rapidly expanding our exposure to the U.S. cannabis market.

In fact, in anticipation of the STATES Act being passed — which will happen — we’re now scooping up every major cannabis stock we know is going to benefit.

Now, using my S-50 Trigger trading algorithm, I was able to pinpoint the stocks that ultimately benefited from legalization in Canada. Some of these stocks included Aphria, Inc. (NYSE: APHA), OrganiGram (TSX-V: OGI), and Canopy Growth Corporation (TSX: WEED). These are all stocks, by the way, that delivered us gains in excess of 1,000%.

Yes, you read that correctly…

In excess of 1,000%.

And folks, the next round of 1,000% winners is now coming, only this time it’s going to be the U.S. cannabis stocks that deliver this payday. And thanks to the S-50 Trigger, we’ve already identified those winners, which you can read more about here.

You can also check out this recent cannabis investment note that explains more about the inner workings of this algorithm.

The bottom line is that the STATES Act is going to pass. But you need to have exposure to these cannabis stocks before that happens. Because if you don’t, you will absolutely miss out on one of the greatest investment opportunities of the 21st century.

And that, my friend, would be an excruciatingly horrible mistake.

To a new way of life and a new generation of wealth…

Jeff Siegel

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Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

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