Pot Stocks to Soar on New Legalization Momentum
A quick end to federal bans could send these pot stocks suddenly skyrocketing
It looks like pot is going to be federally legal in the United States sooner rather than later.
All the signs point to yes:
- 66% of Americans want weed legalized
- Republicans and Democrats in both the House and Senate introduced new pot legalization bills
- Every 2020 presidential candidate (including President Trump) thinks its time for pot to be legal
Right now in Congress, the STATES Act, Regulate MJ Like Alcohol Act (H.R. 420), and MJ Justice Act of 2019 all would decriminalize commercial pot activity on a federal level.
Of these, President Trump publicly stated he would support the STATES Act. He also said several times on the campaign trail that he supports repealing the blanket ban in favor of state's rights.
And when you consider that every Democratic 2020 challenger to Trump is a vehement supporter of legalization, it's hard to see a future where America keeps weed illegal.
Why Legalization is Important for Pot Businesses
Of course federal legalization widens the entire market, but the real benefit is looser financial regulation.
- Banks can loan to pot businesses without risking money laundering charges.
- U.S. companies can finally be listed on the NYSE or NASDAQ.
Right now the most popular and successful pot stocks are Canadian-born, able to be listed on the NYSE because its legal in their country.
Loosening federal and financial regulation in the U.S. could mean the world's best pot stock will be American.
What Should I Do Now With Legalization Looming?
Our partners at PennyWealthy.com have prepared a complimentary report "The 2019 Legalization Blueprint".
It details possible legalization timelines, resulting scenarios, and their profitable plays.
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