With continued forward momentum happening in cannabis legalization every year, is now a good time to invest in weed? And if not now, then when? - via TheGrowthOp Cannabis news research
After the dip in the market Mar. 28, however, there was a renewed understanding that perhaps cannabis stocks are not a safest bet quite yet. With continued forward momentum happening in marijuana legalization every year, is now a good time to invest in weed? And if not now, then when?Article content
“It’s a big deal, but we won’t see any money from those states for a while,” Jason Spatafora, co-founder of MarijuanaStocks.com,The recent legalizations will be good news for the market eventually, but these single state legalizations do not make the immediate impact on Wall Street that one might expect, especially without the backing of the federal government. This is where the MORE Act comes into play.
Despite the passage in Congress, it is unlikely a given that the MORE Act will swiftly become law. The vote itself appears to be more symbolic than anything. Still, just because cannabis stocks are not currently as stable as some more established industries does not mean they should be completely overlooked. In fact, some say now is a great time to get in at the ground level.
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