RE:RE:RE:RE:RE:RE:Market Capitalizationquinlash wrote: Legalization is already in place by over 50% of US states in terms of medical Cannabis and it is very close to 50% for recreational use. With the majority of US Citizens in favor or Cannabis descheduling and legalization it is not hard to see the recreational use become more than 50% of the US in the coming months.
Majority rules and the US Fed is going to be pushed into progressing Cannabis if they don't want to be left behind by individual states. The recent legal push by lawmakers is also going to be a factor as well.
You have to consider that there is a lot of money on the line here. Companies such a Constellation Brands (Canopy) and Molson Coors (HEXO) have invested both a lot of time and money into the sector. As I am sure they did not do that without a long term vision in mind they are likely coming to the end of where their patience actually lies and will start becoming bigger advocates for legalization in order to see the returns they expected would already be seen.
There is also a political motivation to get things moving. The US Economy will benefit from additional tax dollars, job creation and lower crime rates with legalization. Those points are all fine and dandy however the GOP will likely want to take the "carrot" of legalization away from the Dems that could be used to win votes in the next US Presidental Election.
JMHO
Q
Whatever happens at the state level is independent of what happens at the federal level. The reality is that the Republican party is dead set against legalization. Right now they control the house of representative in Washington, so until 2025, the next election that might change which party is in control, nothing will be done regarding that issue.
On another issue: 70% of Americans are in favor of gun control, polls after polls show that much, but nothing is done in Washington as the Republican party has successfully blocked any legislation on that. So if you have a magic ball that can change the minds of a certain number of Republican senators, well good luck to that...