Legalization or Decriminalization ??? The thought of the US legalizing cannabis in the short term is a pipe dream. The Biden Administration has been in no hurry to speed this along and therefore not upsetting some US States in the process.
The thought of the US decriminalizing cannabis WILL happen and it will be sooner rather than later. This does not piss off some US States and everyone is happy.
I believe you will see it happen in this order:
1. SAFE Banking Act will come into effect and left to each State to regulate.
2. Cannabis will be decriminalized federally first followed by legalization in 3-4 years.
3. Canadian LPs will ramp up business and officially get into the game once #1 and #2 are complete.
IMO..... I foresee this all happening in the next 8-12 months.
It's great to be invested in Canopy now and buying at a HUGE discount. Looking back in 2 years you will laugh uncontrollably at the current SP
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