Cannabis Sativa Inc. buy sebbo

America could vote for cannabis

There have been several catalysts for Cannabis Sativa to trade higher in the stock market. One of them, of course, is the company’s high-profile link to former New Mexico governor Gary Johnson, who is officially the first cannabis industry executive to run for U.S. president. And it’s not just Gary Johnson – the current CEO of the company is former U.S. Senator Mike Gravel of Alaska, who served in the U.S. Senate from 1969-1981.

These political links are crucial for the cannabis industry, which still remains tightly regulated on a state-by-state basis. Being able to navigate each state’s complex regulatory framework is critical, and having top political officials within the management team is a major competitive advantage.

Another catalyst for the stock has been the phenomenal growth of the recreational marijuana industry in states such as Colorado and Washington State. According to the latest industry statistics, recreational marijuana revenues exploded by more than 184 percent between 2014 and 2015, from $351 million to $998 million. This has resulted in massive tax revenues for these two states – and convinced other nearby states to consider their own legalization measures to tap into the nearly $1 billion industry.

As a result, the key near-term catalyst for the stock is the upcoming presidential election, which includes several marijuana ballot initiatives scheduled for November. When voters head to the polls on Nov. 8, they will be voting on the legalization of marijuana for recreational or medical use in nine different U.S. states – Arizona, Arkansas, California, Florida, Maine, Massachusetts, Montana, Nevada and North Dakota.