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Are Cannabis Stocks a Good Investment Under Trump 2.0?

Are Cannabis Stocks a Good Investment Under Trump 2.0?


Published on 2024-12-05 16:02:07 - MSN
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  • President-elect Donald Trump did not show much support for marijuana policy reforms during his first term in office. However, prior to this year's presidential election, he supported President Joe Biden's stance on rescheduling cannabis from a Schedule I drug to Schedule III.

The article from MSN Money discusses the potential impact of Donald Trump's possible return to the presidency on cannabis stocks. It highlights that under Trump's previous administration, cannabis stocks experienced significant volatility due to mixed signals on legalization. While Trump's administration did not prioritize cannabis reform, there was some progress with the 2018 Farm Bill which legalized hemp. If Trump were to win again, the article suggests that investors might see a similar pattern: potential for growth due to state-level legalization efforts, but also uncertainty due to federal policy. The piece notes that while Trump has not made cannabis a focal point of his campaign, his stance could influence the sector through appointments to key positions like the Attorney General, which could either support or hinder the industry's growth. The article advises investors to consider the broader political climate, potential regulatory changes, and the inherent risks associated with cannabis stocks when making investment decisions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/are-cannabis-stocks-a-good-investment-under-trump-2-0/ar-AA1vkaKV ]
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