Will Amazon Invest in the Marijuana Industry?
President Joe Biden winning the U.S. election last November sparked excitement for cannabis reform in the industry. Once Democrats took control of the Senate in January, there was even more optimism. Although little progress has been made since then, Senate Majority Leader Chuck Schumer is intent on leading the charge and pushing for not just reform but the outright federal legalization of marijuana.
The cannabis industry also has an unlikely ally in its fight: Amazon.com (NASDAQ: AMZN). But could the company's interest go further than lobbying for legalization? Could Amazon end up investing in the sector?
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Source Fool.com
