How President Trump Could Impact Cannabis in a “Huuuge” Way


 
 
09:24 04/03/2019

After months of investigations, millions of dollars, hundreds of interviews, and panic over potential impeachment, the Mueller investigation is over.

 

Now that the investigation is over, some stocks and sectors could now see a boost, as the President turns back to focusing on policy.   Some of those sectors include infrastructure, defense, and even cannabis legalization.

 

In fact, part of Trump’s latest budget proposal suggests scaling back restrictive language that has kept Washington D.C. from legalizing and regulating the sale of recreational marijuana. He’s also asking the public to submit comments to help change the U.S. position on a potential reclassification.

 

Potential legalization could fire up the voter base, considering that 61% of Americans are in favor of legalization. 

 

Even Congress wants it legalized. 

 

The Marijuana Justice Act, for example, could legalize marijuana and wipe out any criminal possession charges from American records, according to Rolling Stone. 

 

Sen. Ron Wyden introduced S. 420, which could legalize and regulate marijuana on a federal level. Known as the Marijuana Revenue and Regulation Act, it would de-schedule marijuana and remove it from the Controlled Substances Act (CSA). 

 

Some of the top stocks to watch include Tilray Inc. TLRY , Canopy Growth CGC , and Aurora Cannabis ACB .




This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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