Cannabis may be one of the most controversial topics on the market.
But it could also prove to be among the most profitable.
While U.S. states and countries around the world legalize its use, we’re still waiting on federal legalization. In fact, we may hear more about potential legalization heading into U.S. elections this year, especially when a growing number of Americans support it.
According to a recent Pew Research poll, “An overwhelming share of U.S. adults (88%) say marijuana should be legal for medical or recreational use. Nearly six-in-ten Americans (57%) say that marijuana should be legal for medical and recreational purposes, while roughly a third (32%) say that marijuana should be legal for medical use only. Just 11% of Americans say that the drug should not be legal at all.”
In addition, according to Vice President Kamala Harris, “We need to legalize marijuana.”
As noted by Marijuana Moment:
For the first time since joining the ticket as President Joe Biden’s running mate in 2020, Vice President Kamala Harris has called for the legalization of marijuana—signaling a possible shift in the administration’s platform heading into the November elections. Harris told a room of cannabis pardon recipients at the White House that “we need to legalize marijuana,” a participant in the meeting has revealed.
That being said, investors may want to position their portfolios for exposure to cannabis stocks with ETFs such as: |
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