The past couple of months has been tough on marijuana stocks. Despite the vote to legalize marijuana by the U.S. House of Representatives, enthusiasm has died down considerably for cannabis stocks. The market isn’t buying the hype surrounding the…
second iteration of the Moore Act, which was passed in 2020.
However, this time things could be a lot different. A lot has to do with most Americans favoring the outright legalization of marijuana. Moreover, marijuana taxes contributed a whopping $3.7 billion in extra taxes in legal states.
Therefore, 2022 could be a make-or-break year for the cannabis sector. Senate Majority Leader Chuck Schumer states that he will be introducing the bill at the end of April. Hence, cannabis stocks are likely to snap back in the coming months and potentially catch fire once the bill is approved.
Cannabis Stocks to Buy: Trulieve Cannabis (TCNNF)
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