Oklahoma's Marijuana Legalization Is Giving These 4 Pot Stocks A Lift

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. 

 

One of the most exciting parts of the cannabis legalization trend is how universal support for it is. Although deep in the heart of "red state country," Oklahoma has one of the most liberal medical marijuana laws in the country.

And it's still planning on expanding its cannabis laws.

That's great news for investors. Today, we'll give you an edge on the market by showing you the five stocks with the most at play in Oklahoma.

Before we get to the marijuana stocks, here's why Oklahoma became one of the biggest surprises of the legalization movement…

Why Oklahoma Marijuana Legalization Is Such a Success

While Oklahoma adopting one of the most open medical marijuana policies might've been a surprise, its success wasn't.

The state-approved 6,500 marijuana business licenses in the first year alone.

Cannabis has taken hold so strongly that there are actually licensed dispensaries competing with each other on the same city block, not unlike Starbucks Corp. (NASDAQ: SBUX). Retail sales topped $345 million last year.

But it hasn't stopped there.

The state is now considering full recreational legalization as well. A petition was filed to amend the Oklahoma Constitution to legalize recreational marijuana for residents 21 and older.

With a 15% excise tax, that could also be a boon for the state's coffers, which can only push politicians to support the initiative.

This is yet more proof of how the legalization wave sweeping the country really has no political affiliations. People – and legislators – are waking up to the fact that the cannabis plant is chock full of compounds that can treat many conditions, improve general wellness, and yes, even provide recreation.

And it just shows what an opportunity cannabis legalization is for investors.

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