Marijuana Gold Rush: Senate Bill 420 Could Spike Your Portfolio
The marijuana story is growing like a weed.
All as Congressional support for legalization grows.
In fact, just last week, Democratic Sen. Ron Wyden (OR) introduced S. 420, which seeks to legalize and regulate marijuana on a federal level. Known as the Marijuana Revenue and Regulation Act, it could de-schedule marijuana by removing it from the Controlled Substances Act (CSA), establish a federal excise tax on legal sales, and create a system of permits.
In fact, according to Ron Wyden’s latest tweet, “NEW: I introduced S. 420, my bill to legalize and responsibly regulate and tax marijuana. It’s time to bring our country’s marijuana policies into the 21st century, and my legislation is the way to do it.”
What makes this even more exciting for marijuana investors is the fact that “The American people have elected a pro-cannabis Congress in American history and significant pieces of legislation are being introduced,” added Wyden, as quoted by The Verge.
The End of a Prohibition
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Three Top Pot Stocks to Own Now
Should legislation pass, we could see sizable upside in these three names.
Opportunity No. 1 – OrganiGram Holdings (OGRMF)
One to watch for potential listing is OrganiGram Holdings (OGRMF)– which produces and sells medical marijuana in Canada. As Canada moves to legalize marijuana use on the federal level, the company is ramping up production to capitalize on new market opportunities as an existing licensed producer. An active expansion includes a 15,000 sq. ft. extract processing facility that could prove quite useful, as the market begins to explode.
Opportunity No. 2 – CannTrust Holdings (CNTTF)
Over the last few weeks, the company applied to list its shares on the NYSE. "CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in trust, science and innovation," CannTrust CEO Peter Aceto said. "A listing on the NYSE is a natural step forward in our evolution as we look to broaden our investor base, increase the company's exposure and expand our business on an international scale."
Opportunity No. 3 – Aurora Cannabis (ACB)
ACB is expected to be a dominant player with the capability to produce up to 700,000 kilograms of cannabis per year. That’s possible after its acquisition on ICC Labs for nearly $221 million. There’s even the possibility it could grow its annual yield to well over a million kilograms. The company now anticipates revenue for the quarter ended in December 2018 of between $50 million and $55 million, compared to $11.7 million year over year.
Bonus Report: Turn a Small Stake into a Fortune:
A new earth-shattering government announcement could completely change the legalization of marijuana - forever. In fact, thanks to this historic legislation, tiny pot stocks trading for under $5 are getting set to double, triple, or quadruple. In an exclusive interview with Money Morning, pot stock expert Michael Robinson shares all the good news - including details on five tiny weed stocks that could potentially turn a small stake into $100,000. CLICK HERE TO CONTINUE.