Changing Mood on Marijuana Links to the Stock Market

The Dow Jones Industrial Average correlates with major milestones in the opinions of marijuana. Socionomist Euan Wilson of the Socionomics Institute has demonstrated the views on pot are more restrictive in bull markets and more tolerant in bear markets. From the Marijuana Tax Act in 1937 at the top of the bull market to President Bush’s speech on the war on the drugs in 1989 at the height of a seven year stock run, the Dow has tracked pot legislation. The current chill began during the financial crisis.

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