Stocks

Marijuana Stocks set to boom under Biden Administration

A bull market in the Marijuana Sector is about to boom. With Biden as our president, the Biden Administration is poised to legalize marijuana. If President Biden goes through with his campaign pledge to legalize marijuana, it would represent the most favorable federal stance toward marijuana in this era.

U.S marijuana stocks does not need federal legalization to grow, for example weed. 36 states has been given marijuana legalization green light for medical purposes since 1996, which 15 states are allowed for the consumption or retail sale of cannabis. Legal weed sales could triple in the next 5 years.

Here are some stocks to look into:

  • Trulieve Cannabis (TCNNF)
  • Aurora Cannabis (ACB)
  • Canopy Growth (CGC)
  • Tilray (TLRY)
  • HEXO (HEXO)
  • OrganiGram Holdings (OGI)
  • Cronos Group (CRON)

The banking reform legislation set by Biden Administration would open the door for easy access to capitol to Pot Stocks.