Dear Reader,
Cannabis stocks could see higher highs... Look at Canopy Growth (CGC), for example.
Over the last few weeks, the stock ran from about $3 to a recent high of $14.92, a 397% surge.
For one, the US DEA just said it will reclassify cannabis as a less dangerous drug.
As noted by the Associated Press, "Once OMB [White House Office of Management and Budget] signs off, the DEA will take public comment on the plan to move marijuana from its current classification as a Schedule I drug, alongside heroin and LSD. It moves pot to Schedule III, alongside ketamine and some anabolic steroids."
This is historic news that could have a substantial impact on the cannabis story.
Second, a growing number of Americans want to see it legalized. In fact, according to Pew Research, about 88% of Americans want to see that happen.
"An overwhelming majority of U.S. adults (88%) say either that marijuana should be legal for medical use only (32%) or that it should be legal for medical and recreational use (57%). Just 11% say the drug should not be legal in any form. These views have held relatively steady over the past five years," reported Pew Research.
Even an upcoming vote on adult-use in Florida has been fueling upside.
According to MJBizDaily.com, "Florida is poised to become the next state to legalize adult-use marijuana. The state's Supreme Court ruled Monday that an industry-funded ballot initiative will appear on state voters' November ballots."
All could help send related cannabis stocks to higher highs.
Here's another fantastic stock that recently soared 180%. Investors are calling it the "#1 AI Stock of 2024" for good reason...
This company already has 98 registered patents for cutting-edge voice and sound recognition technology...
And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.
Our analysts believe this $3 stock could go on to 75x over time.
Click here to reveal the ticker symbol and the story behind this incredible bull run...
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