Nov. 15, 2021 1st Hemp USA Reposts- The recent surge of cannabis stocks after news of a draft bill, known as the States Reform Act, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill, that is set to legalize and tax marijuana.
This news created a surge in the majority of cannabis stocks on Friday, November 12, 2021
According to news sources, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill (still being circulated for feedback) and hopes to have a final version officially filed later this month.
This is a huge development in the marijuana industry making this a very active year on the Hill for cannabis reform. “Republican buy in could prove critical to getting something over the finish line, and the Mace measure seems aimed at appealing to the states’ rights and business interests of conservative colleagues on her side of the aisle while also incorporating some restorative justice and tax elements largely favored by progressives,” cited the source.
Cannabis would be federally de-scheduled and treated in a manner similar to alcohol.
Federal agencies could continue to drug test for marijuana.
What does this look like for investors in the cannabis sector?
Increased trading as the push for federal cannabis reform continues;
With the market expected to grow to $51 billion by 2025, can one expect anything less?
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^https://inspirationaltech.org/2021/11/01/misunderstood-the-hemp-saga-underway-2021/
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