Legal Cannabis Update: Terrible Stocks Due for a Bounce if Federal Bills Passed

  • Senate Bill To Federally Legalize Marijuana And Promote Social Equity Finally Filed By Schumer, Booker And Wyden.
  • Full bill including amnesty for some past criminal cannabis activities unlikely to pass.
  • A passage of a bill decriminalizing going forward and allowing for financial institutions to service the cannabis industry has bipartisan support and could pass.
  • Passing would be positive for the stocks as it would lower their costs and taxes.

Passage is not guaranteed but worth holding the beaten up sector in case passage occurs. I have focused on these profitable companies with good valuation:
Verano Holdings Corp. (VRNOF)
Trulieve Cannabis Corp. (TCNNF)
Charlotte’s Web Holdings, Inc. (CWBHF)
AFC Gamma, Inc. (AFCG)
Chicago Atlantic Real Estate Finance, Inc. (REFI)