The Fall elections, state referendums on marijuana legalization, and new medical breakthroughs, could all help push cannabis stocks higher. : [Todd Harrison is the CIO and co-founder of CB1 Capital and a columnist for Investopedia. The views expressed herein are those of the author and do not necessarily reflect the views of Investopedia.] After bouncing off all-time lows in March, global cannabis stocks paused to reflect as the traditionally treacherous summer season commenced. The Bloomberg Global Cannabis Index lost 9.5% in June and arrived at the 2020 midpoint down 29% YTD.