How New Yorkers could send ASX cannabis shares higher

It wasn’t too long ago that the very idea of ASX cannabis shares was laughable.

Aside from a few smoky hash bars in the Netherlands, cannabis use was prosecuted vigorously across most countries. While billions of dollars were earned in global black markets, ASX investors had no means to tap into the underground industry.

But the 21st century has brought a lot of change, albeit slowly.

Today a growing cadre of nations have legalised medicinal cannabis use, including Australia. While recreational use remains illegal in Australia, the list of nations (and states within the United States) giving the green light for recreational pot smoking also grows inexorably.

New York’s legal cannabis bill eyes $460 million tax revenue

In the…