iStock.com/Yarygin Are Marijuana Stocks Safe in the U.S.?
U.S. Attorney General Jeff Sessions’s disdain for pot is no secret. But how big of a concern are his threats of a marijuana crackdown? That’s one question that possibly keeps investors of U.S. marijuana stocks up at night. There’s no second opinion on this; as long as anti-marijuana policymakers hold the reins, a giant question mark will continue to loom over the issue of U.S. marijuana legalization.
While the Canadian marijuana industry has become the preferred investment haven for marijuana stock investors, the fact that Canadian marijuana companies are now foraying into the U.S. market for greater exposure is another cause of concern.
The two industries are increasingly getting intertwined, partly because of their geographical proximity but mostly because of their common struggles.
On both sides of the border, the marijuana industry is striving to come at par with the liquor industry and, to some extent, the pharmaceutical industry. Also, on both sides, political figures are deciding their ultimate fate.
In Canada, the situation is not as dire as in the U.S.