What the Start of Biden’s Fed Cannabis Legalization Means for Cannabis Stocks

Cannabis federal legalization has just taken a big step forward with a surprise announcement from president Biden to reschedule cannabis at the federal level, along with some other key cannabis policy changes. In this episode I explore what this means for investors, and what is likely to happen in the near future for publicly listed U.S. cannabis companies and their stocks. Timestamps: 00:23 Cannabis stocks ripped higher on the news 01:23 Biden's important cannabis policy announcement 03:42 Rescheduling cannabis, not federal decriminalization, yet 04:24 No need to wait for SAFE Banking? 05:34 US cannabis companies uplisting to major stock exchanges? 06:28 Fair tax treatment for US cannabis companies 07:06 US cannabis company valuation arbitrage 08:02 Any more downside risk ahead? 08:57 How quickly will Biden move on cannabis? Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.