The cannabis industry has been attracting considerable interest lately, thanks to several regulatory developments in various regions around the globe. Countries like Germany and Canada have legalized cannabis use and sale, and most recently, the United States government announced plans to reclassify the plant from a Schedule I to a Schedule III drug.
If this happens, the cannabis industry will likely receive a huge boost in specific areas like financing and taxation. Several states have legalized recreational marijuana use in the U.S., such as Washington D.C and Ohio and several more, like Florida, are gearing up to vote on legalization for the plant. From all indications, this year could be quite a profitable one for the industry and its spectators.
These regulatory developments could lead to a cannabis rally for the books. It is undoubtedly a welcome development, considering the difficult economic conditions that the cannabis industry has had to endure for some time now. If you’re looking to participate in the coming cannabis stock rally, these three cannabis stocks to buy are the smartest picks in the market.
Green Thumb Industries (GTBIF) Source: Wirestock Creators / Shutterstock.com
Green Thumb Industries (OTCMKTS:GTBIF) is a Canadian cannabis company that cultivates, manufactures and
