The problem with cannabis betting is that most of the companies that are allowed to trade on the US stock exchange are Canadian companies. This means that while they have the legal right to trade, they won’t see the same surge in stock prices if the US decriminalizes or legalizes cannabis on a federal level. Many traders are talking about “betting on US cannabis” as the long-term smart move. There are many people now who are seeing these cannabis stocks surge and buying, but will be disappointed because unlike Gamestop, these are not US companies.
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Source : Is Reddit Game-Stopping Cannabis Companies Before Legalization?
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