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New Jersey Senator Cory Booker Announces New Bill to Make Marijuana Legal Nationwide…
THE WALL STREET WEED MAN: Ray Blanco, is a marijuana stock analyst and author of the widely read Penny Pot Profits newsletter, brought to you from Agora Financial.
New Jersey Senator Cory Booker Announces New Bill to Make Marijuana Legal Nationwide. The bill would remove marijuana from the list of controlled substances, legalizing it at the national level, while encouraging states to legalize it locally through incentives. It also would automatically expunge federal use and possession convictions
Financial Analyst and Market Expert with an emphasis on Marijuana stocks available to comment. Ray Blanco says Senator Booker’s legislation is taking a good idea (legalization) and turning it into a way to strengthen the Federal power and social engineering. This is proof that politicians can ruin anything.
“It’s a step in bringing this conversation into a national forefront. States wants to end cannabis prohibition and they want the federal government to allow.” The bill goes even further by incentivizing states to similarly adopt pro-marijuana policies and laws, therefore paving the way towards mass acceptance of the drug as a legal good.
The RIGHT policy is to get rid of criminalization at the Federal level. Let states decide what they want to do with it, no strings attached. While the bill has essentially no chance of passing in Congress, it’s still an important step in the right direction for those interested in investing in marijuana stocks. A clean legalization bill has a decent chance these days, especially for MM. Booker’s draft of it snatches defeat from jaws of (potential) victory by gumming it up with a bunch of other stuff that stands no chance in this Congress.
READ: agorafinancial.com/publications/pot/
BIO: Ray is one of the foremost experts on investing in technology stocks and the marijuana industry. He lives and breathes the hottest tech companies and up and coming players in the largest growing industry – marijuana. Anything from advanced robotics and avionics to genomics and biotechnology, he has you covered. Ray’s family hails from Cuba. They fled the country in the 1960s and settled in Florida, where Ray was born.
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TWITTER: @RayRBlanco