We live in a fast-moving world where attitudes and policies are constantly changing. The biases of decades past are ancient history, and investors must adapt to new ideas and economic trends. If there’s one example of this that you need to know about right now, it’s the cannabis industry, which is making millions for those who know when and how to get in.
Just take a look at the headlines and you’ll see the changes that I’m talking about. Very recently, U.S. Senators Cory Gardner (Republican) and Elizabeth Warren (Democrat) introduced the Strengthening the Tenth Amendment through Entrusting States Act, also called the STATES Act, as a bill into the U.S. Congress.
If it passes, the STATES Act will amend the U.S. Controlled Substances Act so that it “shall not apply to any person acting in compliance with State law.” It’s a huge potential step forward for firms in the business of producing and/or distributing legalized cannabis; no matter where they are located in the world, the STATES Act could produce a ripple effect that will open doors to increased sales and profits.