If you step foot in the state of Washington or Colorado you’ll immediately get the munchies. Why? Because you’ll get a contact high from all the weed that’s being smoked. In terms of stocks, who’s going to benefit from the legalizing of marijuana? The fast food companies since everyone who’s smoking will want a late night snack.
Here’s an interesting thesis on why you should buy shares of Yum! Brands, stock ticker Yum!:
The amount of Taco Bell/Pizza Hut/KFC stoners eat under the influence makes me wanna go long $YUM cuz mass legalization is on its way B
— Wu-Tang Financial (@Wu_Tang_Finance) December 27, 2013
It’s a bet that what with Colorado and Washington state legalizing marijuana, the rest of the country isn’t too far away, and there’s going to be a lot of late night trips to Taco Bell, Pizza Hut and KFC for people with a case of the munchies in the coming years.
Sure, all the “food” from Taco Bell, Pizza Hut and KFC is very bad for you, but when you’re in a state of desperation and must eat something hot and greasy, how can pass up a Dorito Loco at around midnight.
I wonder who the first fast food company is going to be to offer a discount if you show a receipt for purchasing weed.