KSHB - Cannabis stocks soar with dream Blue Sweep scenario closer

The Georgia Senate election could be a gamechanger for the cannabis industry if Democrat Jon Ossoff wins his too-close-to-call race as largely anticipated based on the location of the outstanding votes. "We go from speculating what President-elect Biden could have done for cannabis reform via Executive Order (or by directives/'memos' from his incoming Attorney General) and if the Senate would have held a vote on the SAFE act (banking reform) would have even taken a vote, to a new world, in which the question is more about the timing and scope of much broader reform for the cannabis industry," updates Cantor Fitzgerald analyst Pablo Zuanic. "The investment debate now is more about the priority cannabis reform will take over perhaps other more pressing matters for the Biden Administration, and on what types of reforms will the VP-elect Harris tie-breaker vote be used (assuming no Republicans support MJ reform)," he adds.

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Cannabis stocks soar with dream Blue Sweep scenario closer