U.S. Pot Legalization on the Way?
There’s one thing and one thing only on the minds of pot stock investors: the eventual federal marijuana legalization in the U.S.
Let’s talk frankly: the Canadian market is small potatoes.
Yes, it’s lovely that the drug was legalized in the country (marking Canada as the first major economy to end its pot prohibition), and it’s a proof-of-concept that legal marijuana companies can remain profitable even as market factors like a resilient black market and a global pandemic get in the way.
But the simple fact of the matter is that every weed stock investor is keenly aware that the future of the industry lies in the U.S., and in how fast U.S. pot legalization can be written into law.
Well, dear reader, we’ve seen some very heartening news on the front.
Senate Majority Leader Chuck Schumer has said that federal U.S. marijuana legalization will be a key priority in the current Congress. He’s backed by Senators Ron Wyden of Oregon and Cory Booker of New Jersey.
The three senators recently released a joint statement, saying that legislation would be forthcoming in the next few weeks.
“The War on Drugs has been a war on people—particularly people of color. Ending the federal marijuana prohibition is necessary to right the wrongs of this failed war and end decades of harm inflicted on communities of color across the…
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U.S. Pot Legalization on the Way?
There’s one thing and one thing only on the minds of pot stock investors: the eventual federal marijuana legalization in the U.S.
Let’s talk frankly: the Canadian market is small potatoes.
Yes, it’s lovely that the drug was legalized in the country (marking Canada as the first major economy to end its pot prohibition), and it’s a proof-of-concept that legal marijuana companies can remain profitable even as market factors like a resilient black market and a global pandemic get in the way.
But the simple fact of the matter is that every weed stock investor is keenly aware that the future of the industry lies in the U.S., and in how fast U.S. pot legalization can be written into law.
Well, dear reader, we’ve seen some very heartening news on the front.
Senate Majority Leader Chuck Schumer has said that federal U.S. marijuana legalization will be a key priority in the current Congress. He’s backed by Senators Ron Wyden of Oregon and Cory Booker of New Jersey.
The three senators recently released a joint statement, saying that legislation would be forthcoming in the next few weeks.
“The War on Drugs has been a war on people—particularly people of color. Ending the federal marijuana prohibition is necessary to right the wrongs of this failed war and end decades of harm inflicted on communities of color across the…