Cannabis stocks could see higher highs.
Not only are more states legalizing cannabis, but we could soon see a federal legalization bill from Senate Majority Leader Chuck Schumer. According to Marijuana Moment, “Schumer for months has signaled that he and Democratic colleagues Sens. Cory Booker (D-NJ) and Ron Wyden (D-OR) intend to bring legislation this session to legalize cannabis nationwide, though the group has not yet revealed their proposal.”
Helping, more Americans are supportive of legalization.
According to Pew Research, 91% of Americans now say cannabis should be legal, adding, “As more states, including Virginia and New York, continue to legalize marijuana, an overwhelming share of U.S. adults (91%) say either that marijuana should be legal for medical and recreational use (60%) or that it should be legal for medical use only (31%). Fewer than one-in-ten (8%) say marijuana should not be legal for use by adults.”
Some of the top stocks to consider are Canopy Growth (CGC), Green Thumb Industries (GTBIF), Aurora Cannabis (ACB), Curaleaf Holdings (CURLF), and Trulieve Cannabis (TRUL).