Cannabis stocks to buy now could see higher highs, as we near the U.S. elections.
For one, a growing number of Americans want to see legalization. In fact, according to Pew Research, about 88% of the country wants to see that happen. Two, with its popularity, any candidate that favorably mentions it, could see higher ratings.
In addition, more U.S. states, such as Florida may be on the cusp of adult-use legalization. As noted by Benzinga.com, “At the beginning of April, the Florida Supreme Court proposed Amendment 3, which would legalize adult non-medical personal use of marijuana products and accessories. If approved, the proposal would take effect in May 2025.”
Also, while the Drug Enforcement Agency (DEA) has not given a timeline for potential cannabis rescheduling, there is speculation it could happen prior to the November election. With the fight for legalization, any positive mentions could drive cannabis stocks to higher highs.
Here are three of the top ones you may want to buy and hold today.
Canopy Growth (CGC) Source: Ralf Liebhold / Shutterstock
Once left for dead, Canopy Growth (NASDAQ:CGC) recently ran from a low of $2.75 to a high of $11.57. Now back to $6.70, it’s a buy on weakness. Helping, the company’s shareholders
