Cannabis Stocks Spiking on Hopes for Banking Bill

The U.S. cannabis industry is on the verge of its biggest win of 2021.

It looks like some major cannabis legislation has a strong possibility of being passed in the next few weeks – and if it does pass, it could set the stage for a monster cannabis stock rally into the end of the year.

The bill in question is the Secure and Fair Enforcement (SAFE) Act, commonly referred to as the Safe Act. The Safe Act is one of the most popular cannabis bills and it has widespread support from both Democrats and Republicans. Continue reading “Cannabis Stocks Spiking on Hopes for Banking 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”