Cramer: Election Day had 'market-moving implications' for cannabis, sports betting and gig economy

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'This was a great night for those three industries with market-moving implications,' the 'Mad Money' host said.

Pot proposals

Arizona, New Jersey, South Dakota and Montana voters all moved to end marijuana prohibition, making way for recreational use to be acceptable within their jurisdictions. South Dakota, which asked two separate cannabis questions, also joined Mississippi in legalizing marijuana for medical purposes. Recreational use, while still prohibited federally, is now legal in 15 states in the U.S. and in Washington, D.C. More than half of the country has opened up the medicinal market for marijuana.

The cannabis cohort, however, took a tumble on the market Wednesday, as investors saw that a blue wave, which could've had more implications on weed at the federal level, was not likely to happen, Cramer said. The"If the Canadian growers don't benefit and the U.S. growers don't trade here, how are you supposed to play all these new states that have legalized weeds? Simple: you go with the picks and shovels plays.

 

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When the stimulus gets distributed, the stock market is going to stabilize....

این شرکت در تقلب رتبه اول در امریکا را دارد

Getting thenewsoncnbc was an awesome move!! Never watched him at FoxNews but really really great addition to . Well done!

Bullshit. And more bullshit.

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