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Today's Top 5 Overvalued Stocks

By taking advantage of timing, you can position yourself for a massive windfall
or avoid potential losses. Today we look at the top 5 overvalued stocks that
analysts expect to drop in price.



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Joe Biden's Biggest Mistake

Learn More Here



ELON MUSK'S CRAZY NEW EXPERIMENT...REVEALED

LEARN MORE HERE


65% OF NEW HAMPSHIRE RESIDENTS SUPPORT LEGALIZING ADULT-USE CANNABIS, NEW POLL
SHOWS

Patricio Liddle
June 25, 2024

A recent poll conducted by the University of New Hampshire reveals strong
support among state residents for the legalization of recreational cannabis,
despite a legislative impasse that saw a promising bill fall short of becoming
law. The poll, covering various state issues, found that 65% of New Hampshire
residents either strongly or somewhat support the legalization of cannabis for
adult-use.


CANNABIS LEGALIZATION BILL NARROWLY DEFEATED

This support comes in the wake of House Bill 1633's narrow defeat in the state
legislature on June 13 with a vote of 178-173 against it, marking a notable yet
unsuccessful effort towards cannabis reform in the state. If passed, the bill
would have legalized adult-use cannabis by 2026, allowing up to 15 franchises to
sell cannabis, with a proposed tax rate of 15%. 

Governor Chris Sununu, who has historically endorsed decriminalization and
expanded medical cannabis access, has expressed readiness to sign a legalization
bill provided it meets specific criteria. His stance, coupled with the public's
ongoing support, suggests potential future avenues for legislation.


NH POLL REFLECTS STRONG SUPPORT FOR ADULT-USE LEGALIZATION

However, despite that the bill's result, it marks the furthest any cannabis
legislation has gone in New Hampshire, public opinion remains largely in favor
of legalization. According to the poll, this includes 45% of respondents
strongly supporting it, although this also marks a decline from 72% support in
May 2023. The drop is attributed to decreasing enthusiasm among Independents and
Republicans. A notable 97% of self-described socialists and 95% of progressives
back the move, compared to just 41% of conservatives.

The poll also sheds light on the level of public awareness about HB-1633, with
only 16% of respondents fully aware of the bill’s details, whereas 45% had heard
only some information. This suggests a communication gap that may influence
public opinion and legislative outcomes.


OPPOSITION TO LEGALIZATION STILL PERSISTS

Opposition to legalization remains rooted in a desire to maintain prohibition,
with 75% of people against any form of legal recreational cannabis. This
sentiment contrasts with a minority who oppose the bill in favor of alternative
legalization methods, a viewpoint more prevalent among younger people and
Democrats.


INTENSE DEBATE OVER CANNABIS LEGALIZATION

Critics of the bill, like state Rep. Jared Sullivan (D), argue that the proposed
model would stifle the nascent industry’s growth and innovation. In declarations
to AP news, he described it as "the most intrusive big-government marijuana
program proposed anywhere in the country, one that ignores free market
principles, will stifle innovation in an emerging industry and tie future
generations of Granite Staters to an inferior model indefinitely." On the other
hand, supporters like State Sen. Shannon Chandley (D) and ACLU of New Hampshire
executive director Devon Chaffee advocate for the bill's ability to align with
public will and emphasized the adverse impacts of continued prohibition.

Despite legislative consensus remains elusive, the strong public backing
reflects an important push towards reforming cannabis laws in New Hampshire.

--------------------------------------------------------------------------------

Cannabis rescheduling seems to be right around the corner. Want to understand
what this means for the future of the industry? Hear directly for top
executives, investors and policymakers at the 19th Benzinga Cannabis Capital
Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices
surge by following this link.

Continue Reading...

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