A record 3 million Georgia voters cast their ballots before early voting ended for the U.S. Senate runoffs, setting up a showdown that will be decided on election day on Tuesday, January 5th, 2021. The race is particularly important in regard to which party controls the U.S. Senate and many agendas Democratic leadership may wish to amend or make law as well as cannabis consumers and investors interest. For consumers, they are looking for a faster pathway to national legalization and decriminalization and for investors, they seek public companies whose value will grow substantially from the overall market expansion and new potential customers. We will share some MJ stocks to watch in the later part of our report.
While 36 states allow “medicinal” cannabis or marijuana, only 14 states currently allow recreational sales in which marijuana is fully legal and these numbers have been growing year after year in the last decade as research and science have proven therapeutic values and an additional means for taxation and income on a state by state level.
The MORE ACT 2020
The Marijuana Opportunity Reinvestment and Expungement Act, also known as the MORE Act, is a proposed piece of U.S. federal legislation that would reschedule cannabis from the Controlled Substances Act and enact various criminal and social justice reforms related to cannabis, including the expungement of prior convictions. Introduced in 2019, the U.S. House of Representatives passed the bill on December 4, 2020, marking the first time a chamber of Congress approved legislation to end federal marijuana prohibition.