With more progress for better cannabis legislation, cannabis stocks have started to see better trading. Right now the big concern for all things cannabis is more efficient marijuana laws. For example, the SAFE Act is a bill that would allow financial institutions the ability to work with cannabis businesses. Due to cannabis still being illegal under federal law banks are not allowed to work with the industry.
This leaves very few options for cannabis-related businesses that are forced to operates in an all-cash system. However, the SAFE Act was reintroduced back in March and if passed may add some positive sentiment to how cannabis stocks to trade. Next, the most important piece of legislation of them all is the bill that is soon to be introduced by Senate majority leader Chuck Schumer.
This bill would legalize cannabis on a federal level which would create more opportunity for the cannabis industry. Not only just that but we may see an increase in trading momentum from some of the top marijuana stocks. It’s not all about legally smoking and the consumption of cannabis but rather how to end cannabis prohibition in a way that works for all. Cannabis is enjoyed by many people worldwide and with the industry growing at a fast rate it’s important to establish rules and regulations.
Currently, in the market, many investors and companies are preparing for the potential of federal cannabis reform. This has led to more…
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With more progress for better cannabis legislation, cannabis stocks have started to see better trading. Right now the big concern for all things cannabis is more efficient marijuana laws. For example, the SAFE Act is a bill that would allow financial institutions the ability to work with cannabis businesses. Due to cannabis still being illegal under federal law banks are not allowed to work with the industry.
This leaves very few options for cannabis-related businesses that are forced to operates in an all-cash system. However, the SAFE Act was reintroduced back in March and if passed may add some positive sentiment to how cannabis stocks to trade. Next, the most important piece of legislation of them all is the bill that is soon to be introduced by Senate majority leader Chuck Schumer.
This bill would legalize cannabis on a federal level which would create more opportunity for the cannabis industry. Not only just that but we may see an increase in trading momentum from some of the top marijuana stocks. It’s not all about legally smoking and the consumption of cannabis but rather how to end cannabis prohibition in a way that works for all. Cannabis is enjoyed by many people worldwide and with the industry growing at a fast rate it’s important to establish rules and regulations.
Currently, in the market, many investors and companies are preparing for the potential of federal cannabis reform. This has led to more…
