Before you run out and buy every marijuana stock on the planet, you may want to show a bit of restraint. Remember, these two laws (in CO and WA) are just state laws – and they still conflict 100% with federal law.
Even Colorado’s Governor, John Hickelooper, was quoted saying –
“The voters have spoken, and we have to respect their will… This will be a complicated process, but we intend to follow through. That said, federal law still says marijuana is an illegal drug, so don't break out the Cheetos or Goldfish too quickly."
Simply put, the governor is saying federal laws currently prevent the intent of the new state law from becoming a reality… yet.
Just sayin'