Sundial Growers Inc (SNDL)

[BefallenKnight]

2 Best Case Scenarios for the Cannabis Industry

1. Dems win both Georgia Senate seats and the MORE Act has a 100% more likely chance of being passed. And even if they don’t outright win both seats, just 1 seat would be an even split in the Senate, meaning Kamala would preside over the tie breaking vote. In 2016 when polls said Hillary was the projected winner, the MJ stocks heated up. Any murmur of a Dem win in the Senate may reignite the cannabis industry.

2. Biden decriminalizes by Executive Order. Sure it would potentially only be for the length of his term because it can easily be rescinded by a new administration in 2024 but after 4 years of decriminalization, the likelihood of returning to prohibition is unlikely. The toothpaste is out of the tube. Colorado and Seattle legalized adult use in 2014 and it has only lead to a landslide of states allowing greater cannabis freedom, not the other way around.