Why ASX cannabis shares are cheering the US elections

ASX shares related to sustainable energy aren’t the only green companies likely to get a boost from the blue wave that swept through the US elections.

ASX cannabis companies could also receive some fresh tailwinds.

How the Georgia election tipped the scales for pot stocks

With Democrats – team blue – winning the runoff Senate election in the US state of Georgia last week, President-elect Joe Biden will effectively have control of both houses of Congress for the next 2 years. (That’s when midterm elections will be held, potentially changing the balance of power.)

And the Democrats have largely been more proactive in pressing for the legalisation of medicinal and recreational cannabis on a federal level.

According to Oren…