Amid the chaos of 2020, cannabis stocks stood out for all the right reasons. It certainly didn’t hurt that five states overwhelmingly passed marijuana legalization initiatives or amendments on election night. As we entered 2021, 36 states had legalized medical marijuana, 15 of which also allow adult-use consumption and/or retail sale.
But the crown jewel for cannabis enthusiasts has always been the federal legalization of pot. That’s a longtime dream that might finally be within reach.