5 Pot Stocks Making Big Moves on the 50th Anniversary of 4/20
Did you know that today marks the 50th 4/20 holiday, the informal holiday celebrated by cannabis users across the world? While accounts of the origin of the term vary, 4/20 was reportedly coined by a group of Northern California high schoolers in 1971.
Flash forward 50 years, and while cannabis isn't officially legal at the federal level, there are only six states left in the U.S. in which cannabis is totally illegal in any form. Most U.S. states have legalized at least medical cannabis, and the November elections may have marked a tipping point in recreational cannabis legalization.
Five states legalized cannabis through a ballot measure, three more legalized weed in the new year through state legislatures, and a newly elected Democratic majority in Congress is likely to roll back certain federal prohibitions -- though it may stop short of full legalization. Today, much of the northeast, Illinois and Michigan in the Midwest, and basically the entire western U.S. have fully legalized recreational marijuana use.
Source Fool.com
