Op-ed: Cannabis investors are about to ride a legislative tailwind in Washington
Investors should heed the words of the cannabis iconoclast as they consider if, and most importantly when, to invest in the nascent, but booming U.S. cannabis sector. This past week, Senate Majority Leader Chuck Schumer talked about near-term cannabis legislation that could fast track "the ride," and was seemingly passing out the schedule for when investors should punch their tickets. Cannabis reform on the federal level, despite its complexities is long overdue. Cory Booker, D-N.J., and Ron Wyden, D-Ore., issued a joint statement that unequivocally confirmed that the passage of cannabis reform legislation in this Congress is a priority of the new leadership. Their plan is to release a new omnibus cannabis reform bill that will address de-scheduling and/or de-criminalization of cannabis at the federal level (allowing states to regulate cannabis under their current regulatory regimes).
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