If you’re wondering what changed, look no further than the political makeup in the United States.
For years, the Senate has been under Republican control. Former Senate Majority Leader Mitch McConnell, who’s openly against legalizing cannabis at the federal level, used his power in the upper house of Congress to ensure marijuana legislation didn’t reach the floor for vote. With Democrats now in control of the Senate, House, and Oval Office, it’s more likely than ever that we could see real cannabis reform at the federal level. This would open up capital markets to cannabis companies, allow interstate transport, and remove barriers to entry for Canadian pot stocks. In other words, the largest marijuana market in the world would be open for business.
But as the hype once again builds around cannabis, I can’t help but point out three of the biggest mistakes marijuana stock investors keep making.