Piper Sandler said, "We believe passage again in the House is likely, but we continue to believe it is unlikely to pass the Senate in its current form." 

Unfortunately, one or more news outlets are using this statement by Piper Sandler as a way to bash cannabis stocks.They are suggesting that cannabis stock should not be rallying because legalization won't happen.
 

Well, if what Piper Sandler said is true, then I think the Dems will simply change its current form into a new form, and then it will pass the senate. It is very normal for things to change before they get passed.

The Dems have both the house and the senate, and there should be no reason they can't get cannabis federally legalized.

Even if it just gets federally legalized in the way of "states rights" legalization. We don't even need full legalization, all we need is states rights legalization. Does anybody know if this version of the more act is currently for full federal legalization, or if it is for "states rights"?

I rememebr many people in Canada saying that canadian legalization will never happen after Justin Trudeau won his first election, but they were dead wrong and the legalization happened. I hope all the nay sayers are wrong about the USA legalization as well.