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Federally Legal Cannabis Unlikely This Year — but Gets a Boost

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The Street

By Tony Owusu A law critical to the cannabis industry’s viability has made it to a Senate vote several times and failed. It just obtained a hugely important backer. A key part of being happy in life is managing expectations, and investors and companies who have waited for years to see cannabis legalized at the federal level have become experts at this effort. On April 21 New Jersey became the 18th state to allow for recreational cannabis sales. Happiness for the cannabis industry in this paradigm is another state allowing some of the top multistate operators to obtain one of the limited number…

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