Federal legalization is set to happen in 2022. And, I am gearing up to play the moves with cannabis stocks. First, many cannabis stocks have already started to move on some news of federal legalization. Some cannabis stocks moved up 220% in just one day. The House of Representatives is putting the MORE Act to a floor vote this week. And, the Senate is set to get its version of cannabis legalization ready in the month of April. I expect this will take some few weeks for this to move forward. Then, the Senate version of federal legalization will go to full floor vote. During this time, expect cannabis stocks to be jumpy and to move up and down on varying amounts of moves. But, the progress for federal legalization will ensure that cannabis stocks have the ability to up-list to NASDAQ and from there, real money can start investing in cannabis stocks.
Look for a lot of information regarding cannabis legalization to hit the news wires in the coming days & weeks leading up to the Mid-term election.
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