Marijuana Stocks Could Soar If Canopy Growth's "Magic Number" for U.S. Cannabis Legalization Is Right
Canopy Growth (NYSE: CGC) CEO David Klein has a "magic number" in mind for when the U.S. will legalize cannabis. In an interview with CNBC's Jim Cramer last week, Klein said that he expects cannabis will be legalized at the federal level in the U.S. in 2022.
Klein's view is based on the premise that the U.S. Congress will have to take action on legalizing cannabis as more states allow the legal use and sale of medical and recreational marijuana. If he's right, marijuana stocks are poised to soar -- perhaps like never before. But how magical is Canopy Growth's "magic number"?
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Source Fool.com
