U.S. Pot Stocks Initially Hampered by Flatfooted Democrats
U.S. marijuana stocks enjoyed a period of serious growth in the run-up to the 2020 election. The Democrats positioned themselves as the cannabis-friendly party that was going to get recreational marijuana legalized at the federal level.
On the campaign trail, Kamala Harris said she wanted to end the federal prohibition of cannabis. Moreover, she was the lead Senate sponsor of the Marijuana Opportunity Reinvestment and Expungement Act of 2020 (MORE Act).
In the run-up to the November 2020 election, then-Senate Minority Leader Chuck Schumer said…
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This article originally appeared at Profit Confidential.