4 Canadian Cannabis Companies Poised to Profit from U.S. Legalization

As more and more states legalize marjiuana, federal legalization in the U.S. seems inevitable. Not only are more states passing legislation to permit recreational use, but a vast majority of Americans also support legalization. According to a recent survey, Pew Research found that 91% of people in the U.S. believe marijuana should be legal for either medical or recreational use, with 60% in favor of both. President Joe Biden is in favor of decriminalizing marijuana, while Senate Majority Leader Chuck Schumer is ready to push ahead with full legalization efforts even if Biden isn't completely on board just yet.

When legalization happens, there are many Canadian cannabis producers that will be ready to expand their presence south of the border. Canopy Growth (NASDAQ: CGC), soon-to-be-joined Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY), Cronos (NASDAQ: CRON), and Aurora Cannabis (NYSE: ACB) could be some of the biggest winners if (or, when) the U.S. pot market opens up.

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Source Fool.com