Blue Ripple Is a Downer for Pot Stocks

Although the final U.S. election tally isn’t in yet, it looks like a poor result for pot stocks.

As of Thursday morning, the Democratic Party is closer to the 270 electoral votes needed to win the White House. This should be good news since vice-presidential candidate Kamala Harris said publicly in October that a Biden administration would legalize cannabis. Separately, voters in New Jersey, Arizona, Montana and South Dakota approved ballot measures Tuesday to make recreational marijuana legal. Mississippi approved medical…