With recreational marijuana measures on the ballot in five states this election, including California, some people are already voting with their dollars. Indices tracking the value of cannabis-industry company stocks, including this one from Marijuana Index U.S., have seen a sharp run-up in price before the election.
The market could actually see a correction if election-related enthusiasm for the stocks has run them up too far. But in the long run, the sector seems likely to gain more investment. Fifty-seven percent of U.S. adults now believe marijuana should be legalized.
