H.R. 420 is a new bill from Rep. Earl Blumenauer (D-OR), and it could be a game changer for the cannabis industry.
If passed, it would remove cannabis from the Controlled Substances Act. Marijuana would then be regulated just like alcohol at the federal level, opening up a new frontier of possibilities at the state level.
And that could bring a flood of institutional investors to the market.
Some investors have been sitting on the sidelines, still worried about buying cannabis stocks because marijuana is still illegal under federal law.
The passing of this bill would end those concerns.
To see just how big of an impact this could make, we reached out to five experts to give you the best insight on what this bill means for the cannabis industry...
As always, we wanted to share exclusive insight with Money Morning readers from some of the top minds in the cannabis space.
Sam D'arcangelo is the Project Manager of HeadCount's Cannabis Voter Project, a non-partisan voter engagement organization.
Sam says we're at a tipping point for cannabis thanks to the most pro-cannabis Congress in history...
The next cannabis expert we spoke with believes the federal government needs to decriminalize marijuana and stop wasting taxpayer dollars...
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Charlie Finnie is the Chief Strategy Officer of MariMed Inc. (OTCMKTS: MRMD), a multi-state cannabis organization that develops, owns, and manages cannabis facilities and manufactures, licenses, and distributes top brands and innovative products.
He thinks the change is long overdue.
While our next expert believes this bill will have a tough time making it through Congress, they do believe it will help politicians have a better understanding of the cannabis industry.
Erik Knutson is the president of Keef Brands, the creator and manufacturer of cannabis-infused products such as Keef Cola, Keef Sparkling, OilStix, and VitaCanna.
David Ehrlich is the COO of Zodaka, the safest, most reliable cannabis industry payment system on the market. Its software provides 100% domestic payment processing without reserves, chargebacks, high fees, or risk of shutdown.
David reasons this could also help bring in more investments to the marijuana space, as it will make large institutions feel more comfortable with the industry.
Finally, the last expert we spoke with believes this bill shows just how out of touch Washington is with marijuana laws.
Derek Riedle is the publisher of Civilized, a premium media and lifestyle brand that expands modern cannabis culture, reflecting the millions of motivated, productive adults who choose to have cannabis as a part of their lives.
We want to thank all the experts for speaking with us.
But before you go, we also had to make sure you were fully aware of the biggest and best cannabis investment opportunities.
This bill is coming along at just the right time...
We're about to see an explosion of new cannabis IPOs hit the market. And for smart investors who get in on IPO day, the gains can be incredible.
We're talking about the potential for each of these stocks to soar 200%, 500%, 1,000% or more, practically overnight.
And today, we've uncovered four potentially high-flying companies set to go public before Jan. 31 that you can't afford to miss out on.
Just click here to find out more.
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