POTX - Rhode Island to introduce bill to legalize recreational marijuana

Bill to legalize recreational marijuana is expected to be introduced to Rhode Island General Assembly later today.On Thursday, a proposal by Gov. Dan McKee is also anticipated. However, that will need legislative approval.If the law is passed, the Ocean State could become the fourth New England state and 15th U.S. state to allow recreational marijuana.In 2006, Rhode Island became the 11th state to legalize medical cannabis. However, the subsequent attempts to permit recreational marijuana failed to win legislative support in 2019 and 2020.Related ETFs: AdvisorShares Pure Cannabis ETF ([[YOLO]] +4.9%), Global X Cannabis ETF ([[POTX]] +4.3%), ETFMG Alternative Harvest ETF ([[MJ]] +3.6%). Amplify Seymour Cannabis ETF ([[CNBS]] +4.2%)Early this month, lawmakers in Virginia narrowly passed legislation making it the first Southern state to allow recreational marijuana.

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Rhode Island to introduce bill to legalize recreational marijuana