Hey, Steve here:
The election season is starting to heat up, and that means only one thing– time to buy some votes.
This past week it was confirmed that both the Food and Drug Administration (FDA) and Health and Human Services (HHS) want to reschedule cannabis to "Schedule 3."
It needs to be confirmed by the DEA, but it appears that before the election hits in November, it's going to be a lot easier to score some weed.
This is a clear political play. Biden's team has had this in their back pocket for 4 years and are now looking to play it to try and shore up a voter base into November.
This catalyst is still very early, and it's one where it will take a while before all the upside is squeezed out of the sector.
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