Sector Jumps on Republican-Led Cannabis Bill

Cannabis stocks just had one of their best weeks of the year after getting some much-needed good news on federal legalization.

On Thursday, Marijuana Moment reported that representative Nancy Mace (R-SC) is circulating a bill called the States Reform Act that would legalize and tax recreational cannabis at the federal level. Continue reading “Sector Jumps on Republican-Led Cannabis Bill”

Forget Federal Legalization – The SAFE Act is as Good and Can Still Pass

House Majority Leader Chuck Schumer (D) just made good on one of the most ambitious goals of his career.

On Wednesday, Schumer released draft legislation of The Cannabis Administration and Opportunity Act, a cannabis bill that would legalize cannabis at the federal level.

On the surface, this sounds like a watershed moment for the U.S. cannabis industry. Federal legalization would unleash the true potential of the U.S. cannabis industry. It would generate billions in new economic activity. It would also create thousands of new jobs and generate billions in taxes for state and local governments. Continue reading “Forget Federal Legalization – The SAFE Act is as Good and Can Still Pass”