In this article, we discuss the 10 marijuana stocks Reddit is buying amid new federal marijuana legalization bill. If you want to skip our detailed analysis of these stocks, go directly to the 5 Marijuana Stocks Reddit is Buying Amid New Federal Marijuana Legalization Bill.
Three lawmakers from the Democratic Party in the United States on July 14 unveiled an ambitious draft bill that would legalize cannabis across the United States, removing it from the list of controlled substances. If the bill is passed, the Drug Enforcement Authority would cease to have control over the drug that would instead fall under the domain of the US Food and Drug Administration. Marijuana stocks have been soaring since the bill was introduced, a final draft of which is expected to be submitted before legislators in September.
Some of the stocks that stand to benefit from the bill include Tilray, Inc. (NASDAQ: TLRY), GrowGeneration Corp. (NASDAQ: GRWG), and Innovative Industrial Properties, Inc. (NYSE: IIPR), among others. As part of the bill, the US government is expected to allow states to control the distribution, possession, and production of cannabis. States that chose not to legalize cannabis will be allowed to block entry to the drug into the state, but not to stop shipments from within the state to other regions in the country where it is legal.
However, in the days since the bill was introduced, Chuck Schumer, the Senate Majority Leader who introduced it, has come forward and said…
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In this article, we discuss the 10 marijuana stocks Reddit is buying amid new federal marijuana legalization bill. If you want to skip our detailed analysis of these stocks, go directly to the 5 Marijuana Stocks Reddit is Buying Amid New Federal Marijuana Legalization Bill.
Three lawmakers from the Democratic Party in the United States on July 14 unveiled an ambitious draft bill that would legalize cannabis across the United States, removing it from the list of controlled substances. If the bill is passed, the Drug Enforcement Authority would cease to have control over the drug that would instead fall under the domain of the US Food and Drug Administration. Marijuana stocks have been soaring since the bill was introduced, a final draft of which is expected to be submitted before legislators in September.
Some of the stocks that stand to benefit from the bill include Tilray, Inc. (NASDAQ: TLRY), GrowGeneration Corp. (NASDAQ: GRWG), and Innovative Industrial Properties, Inc. (NYSE: IIPR), among others. As part of the bill, the US government is expected to allow states to control the distribution, possession, and production of cannabis. States that chose not to legalize cannabis will be allowed to block entry to the drug into the state, but not to stop shipments from within the state to other regions in the country where it is legal.
However, in the days since the bill was introduced, Chuck Schumer, the Senate Majority Leader who introduced it, has come forward and said…
