Score check: Here’s how ASX pot stocks have responded to the US Senate result
As ever, US politics is full of surprises — and ASX cannabis stocks have benefitted in Wednesday trade.
The Democrats won both seats in the Georgia runoff Senate races, giving them the narrowest of governing majorities in the Senate.
It’s viewed as broadly positive for US cannabis, because Democrat leaders have made it clear they plan to decriminalise marijuana if they can clear it through the upper house.
And while Australia is a much different market, those good regulatory vibes have flowed through to ASX cannabis stocks today.