In order for the market to truly break out, we’ll need to start thinking differently about cannabis.
The marijuana sector is rapidly evolving. Although the drug is still illegal at the federal level, 16 states and Washington, D.C. have approved the drug for adult-use, and over 30 states have approved the drug for medical use. The Horizons Marijuana Life Sciences ETF (OTC:HMLSF) has run up over 100% over the past 12 months. This has left pot stock pickers on the edge of their seats, itching to get in on what’s all but guaranteed to be stellar growth in the industry.
Many state governments now have to decide exactly how to legalize the drug, asking questions including: For whom is marijuana use legal, and for what use? Dr. Chanda Macias, a medical cannabis advocate, researcher, and dispensary owner, joined Olivia Zitkus and Corinne Cardina on a March 19 episode of Fool Live to talk about how we should approach legalization, and makes an argument for governments to focus on its medicinal properties as they consider permitting cannabis use.
– Read the entire article at The Motley Fool.