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7 Marijuana Stocks to Buy Today for Blazing Profits

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The past few months have been disappointing for investors in marijuana stocks. Mainly, that’s been due to a lack of progress with U.S. federal legalization of marijuana. A Democratic party victory in the 2020 elections made it seem as if a fully open American pot market was just around the corner.

But with more pressing issues at hand, Congress continues to put this on the back burner, despite it becoming an increasingly bipartisan issue. That said, while reforms to federal cannabis laws would be a boon to the industry, strong performance for pot stocks isn’t entirely dependent on this happening. It may still be a controlled substance on the federal level. Yet 18 U.S. states have legalized its recreational use. In a total of 36 U.S. states, it’s legal to use for medicinal purposes.

With this, the American pot industry is thriving. According to BofA Securities, legal cannabis sales were up 40% last year. Multi-state operators (MSOs) are seeing high levels of revenue growth. So too, are companies that provide related good and services to the U.S. cannabis industry. In addition, some Canada-based pot companies appear well-positioned to deliver much better results in 2022 than they did in 2021.

Regardless of whether federal reform happens in 2022, or if it gets delayed once more, pot plays could still become smoking hot again throughout this year. Here are seven marijuana stocks, all of which could be set to experience high times:

  • Cresco Labs (OTCMKTS:

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The past few months have been disappointing for investors in marijuana stocks. Mainly, that’s been due to a lack of progress with U.S. federal legalization of marijuana. A Democratic party victory in the 2020 elections made it seem as if a fully open American pot market was just around the corner.

But with more pressing issues at hand, Congress continues to put this on the back burner, despite it becoming an increasingly bipartisan issue. That said, while reforms to federal cannabis laws would be a boon to the industry, strong performance for pot stocks isn’t entirely dependent on this happening. It may still be a controlled substance on the federal level. Yet 18 U.S. states have legalized its recreational use. In a total of 36 U.S. states, it’s legal to use for medicinal purposes.

With this, the American pot industry is thriving. According to BofA Securities, legal cannabis sales were up 40% last year. Multi-state operators (MSOs) are seeing high levels of revenue growth. So too, are companies that provide related good and services to the U.S. cannabis industry. In addition, some Canada-based pot companies appear well-positioned to deliver much better results in 2022 than they did in 2021.

Regardless of whether federal reform happens in 2022, or if it gets delayed once more, pot plays could still become smoking hot again throughout this year. Here are seven marijuana stocks, all of which could be set to experience high times:

  • Cresco Labs (OTCMKTS:

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Source: https://mmpconnect.com/7-marijuana-stocks-to-buy-today-for-blazing-profits/
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