Today President Obama spoke about marijuana reform in a New York Times article. He spoke of the need to change laws to highlight how the number of arrests due to the plant are hurting more young people in society.
Now, this (nor the news that the two teams contesting the Super Bowl are representing the largest cities in the only two states that have fully legalized the plant) piece of news shouldn't move/affect the market. In fact, most of the marijuana related stocks took a large hit today (no pun intended).
What will move markets is this:
http://somd.com/news/headlines/2014/17671.shtml
Maryland Democrats have introduced legislation, dubbed the Marijuana Control Act of 2014 in the race to become the third state to completely legalize the plant.
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