Best Long Term Cannabis Stock Play Based on New Tax Bill Spreading Cannabis Legalization Amongst East Coast coastal States

With the new Trump tax plan eliminating state/local tax deductions/exemptions & capping property taxes deductions at $10k, a lot of East Coast coastal states will need new funds to make up for budget shortfalls and/or to increase their budgets in the future as these politicians can expect significant backlash from taxpayers/voters if they attempt to generate such funds/revenues by increasing state/local/property taxes. Most legalized some form of gambling already during the Great Recession (e.g. NY, PA, etc.), so these states won’t be able to draw from the gambling well twice; therefore, the expansion and legalization of recreational/medical cannabis will be the easiest available option as opposed to raising taxes. This may finally force the federal government to step in and implement a consistent regulatory framework that allows for interstate trade. Murphy won the governorship in N.J. so it’s def coming to NJ within the next year. What’s the best stock for a long term play in this arena?

Submitted December 04, 2017 at 10:33PM by TheProdigalS0n http://ift.tt/2AruhBR