Why Marijuana Stocks Are Growing Higher Today

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Have you heard the news? The majority leader of the United States Senate, Chuck Schumer, wants to legalize weed — and not just on a state-by-state basis, but across the entire country, through national legalization.

Wall Street has definitely heard the news, and late yesterday afternoon, investment bank Craig-Hallum released a note encouraging investors to pile into marijuana stocks, predicting that marijuana legalization could result in as much as “3x upside” in certain stocks.  

Image source: Getty Images.

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