The cannabis industry has been overlooked by investors for a while now. But while cannabis stocks continue to struggle, the industry is rapidly growing. Cannabis is increasingly being legalized for medicinal and/or recreational purposes around the world. Recently, Germany eased regulations related to recreational marijuana possession and use.
This week has been favorable for cannabis stocks, too, after Marijuana Moment shared Vice President Kamala Harris’ positive comments on Monday. At a White House meeting, Harris stated that the Drug Enforcement Administration (DEA) should reschedule marijuana “as quickly as possible.”
Currently, marijuana is deemed a Schedule 1 drug under the Controlled Substances Act. Harris believes it is “absurd” and “patently unfair” to classify cannabis alongside drugs such as heroin.
While reclassification will undoubtedly benefit cannabis companies, the process could take some time. Until…
