This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Marijuana Midterms? Rep. Cohen Sees An Edge for Democrats

NEW YORK ( TheStreet) -- Democrats could gain an edge in November midterm elections as marijuana ballot initiatives bring out younger voters who traditionally lean Democratic, argues U.S. Rep. Steve Cohen, one of the elected officials who has been most vocal in advocating for reform of U.S. marijuana laws.

Asked during a recent interview with TheStreet whether the issue could be a deciding factor in November, Cohen said, "I don't know that it will, but it could, because I think it will get people out to vote. It will increase turnout of young people who otherwise voted for Obama and otherwise will not vote, because they're just not tuned into the process. But this is something that'll get a lot of people tuned in and interested in politics."

A George Washington University poll conducted in March found 53% of Americans in favor of decriminalizing marijuana possession, with 44% opposed to the idea. Sixty nine percent of Americans, meanwhile, said they would be more likely to vote in an election if it included a ballot proposal to legalize the use of marijuana. And 79% of those polled believe marijuana should be made legal for medical use.

If an initiative can make it on the ballot in Cohen's neighboring state of Arkansas, he believes it will help Democratic Senator Mark Pryor and Democratic gubernatorial candidate Mike Ross.

Must Read: Rep. Steve Cohen Discusses Marijuana Legal Reform

"I don't know what the problems are, but the authorities have found every way in the world to thwart them putting it on the ballot again, because I think they know it'll bring out the vote. If it brings out the vote, it's liable that there'll be a Democrat Mike Ross elected governor, that it will help Mark Pryor. Mark Pryor is probably not for marijuana legalization, but if young people come out and vote, and they vote on a medical marijuana issue and they've got to vote for Pryor or [Tom] Cotton, more of them are going to vote for Pryor, I think, because they're going to realize he's going to be better on the issue," Cohen said.

The Congressman also pointed to a measure that will be on the ballot in Alaska that would make it legal to possess up to an ounce of marijuana and to grow limited amounts of it in private.

"That'll help [Sen. Mark] Begich," Cohen predicted. "It's going to be a big issue for getting out the vote."

Follow @dan_freed




Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $117.52 7.90%
GOOG $691.20 -2.10%
TSLA $247.54 -1.60%
YHOO $36.58 -1.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs