With Republicans in the House of Representatives recently introducing legislation to legalize marijuana at the federal level , the potential for a bipartisan framework is as close as it's ever been. While the patchwork quilt of state-by-state efforts is a workaround of sorts for a growing industry, it's a poor substitute for a cohesive national policy.
The recent ruling by the South Dakota Supreme Court striking down a voter referendum approving legalized weed is a case in point. Cannabis has been a difficult market as a result, but three Motley Fool contributors think that Innovative Industrial Properties (NYSE: IIPR) , the Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) , and Jazz Pharmaceuticals (NASDAQ: JAZZ) are top buys right now.
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Got $5,000? Buy These 3 Hot Pot Stocks Immediately