Cannabis stocks soar on Biden win, legalization hopes and solid results

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Two leading cannabis companies have reported better-than-expected results.

could lead to more calls for decriminalization, and two leading cannabis companies reported better-than-expected results on Monday.

Industry executives are clearly happy about the U.S. election outcomes at both the federal and state levels. The chief executive officer of Canopy, which has the financial backing of Corona owner Constellation Brands, was particularly upbeat about what the changes in the political landscape might mean for the industry.

"The results of the ballot initiatives clearly showcase that support for adult-use marijuana legalization extends across geographic and party lines and is supported by a majority of Americans. Legal marijuana is becoming the American norm," he added. "This will likely increase pressure on Congress to pass major federal marijuana reform in the very near future."

 

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Joe Joe hes no -ho

TrueFactsStated Way past time to use this medicinal plant for all the efficacious purposes it has shown to have

MRB's are looking up!

Here's a stock tip - look at the valuations of cannabis companies in Canada before and after the actual legalization time.

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