There’s a lot of momentum in the U.S. regarding the legalization of recreational marijuana. In early April, the U.S. House of Representatives passed a bill to decriminalize cannabis. Days later, the House passed a medical marijuana research bill.
Pot stocks, on the other hand, haven’t been having such a good run lately. Until recreational cannabis is legalized at the federal level, marijuana stocks will probably flit around looking for support.
One overlooked cannabis stock that has been taking an undeserved beating is Hydrofarm Holdings Group Inc (NASDAQ:HYFM).
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