Cannabis investors were encouraged by President Biden's announcement on October 6 that he would pardon federal marijuana possession convictions. Aside from state legalization, the marijuana sector hasn't made much progress toward federal legalization. The president also suggested a review be initiated to remove cannabis from the Schedule 1 drug list. 

Though this doesn't hint at legalization, it is certainly a positive movement toward decriminalization. Cannabis legalization in the U.S. could be inevitable, maybe in a decade or so. Savvy investors know when that happens, pot stocks will be expensive. So why not take advantage of the bargain price now? Here are two stocks I believe are the best buy ahead of legalization.

Image source: Getty Images.

Continue reading

Source Fool.com