Dividends and US election results raise hopes for growth in cannabis industry

One of the most important votes for the cannabis industry was in a state where cannabis was not on the ballot. According to an article by Jameson Berkow writing in the Globe and Mail noted a Texas Republican Pete Sessions lost in the midterms. The significance is he was the Chair of the House of Rules Committee and he prevented dozens of proposed laws that would have reached the House floor for debate and eventual vote. He was a gate keeper against the cannabis industry.

Industry people noted it is amazing one person can have the power to be the gatekeeper coming from a relatively small district in Texas. Many states rely upon the federal recognition and once that happens, others will change.

Linking to dividend paying stocks, one of the reasons why industries change or do not change is the gatekeepers, who control access. For many dividend stocks, the gatekeepers are on the side either willingly or within the system to ensure dividend stocks have a near monopoly. These are the controls which do not show in the annual report but how government works with or for the companies.

There are more questions than answers, till the next time – to raising questions.

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