Can Marijuana Stocks Survive Legalization?

·5 min read
Can Marijuana Stocks Survive Legalization?

Federal marijuana legalization in the U.S. is seen as a potential catalyst for pot stocks achieving massive growth. Currently, 14 states allow recreational marijuana use and 36 have authorized medical marijuana; in those states, cannabis sales surged 46% in 2020 to a record $17.5 billion. The Marijuana Opportunity Reinvestment and Expungement Act of 2021, or MORE Act, was introduced in the House of Representatives by Rep. Jerry Nadler, and a companion bill is expected to be introduced in the U.S. Senate by Sen. Chuck Schumer later this year.

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