Here’s How Shockingly Low the Odds of U.S. Marijuana Legalization Really Are

Americans support legalizing marijuana in record numbers. A Hill-HarrisX survey released in April found that a whopping 84% of respondents support the legalization of pot. Half were in favor only for legalizing medical cannabis, with the other half supportive of legalizing the recreational use of marijuana as well.

HIGHLIGHTS

• There’s one primary obstacle to changing federal laws to allow legal marijuana. And that obstacle’s name is Sen. Mitch McConnell (R-Ky.).
• The odds of booting Sen. McConnell from his position as majority leader in 2020 appear to be daunting at this point.
• The bottom line for investors is don’t buy a stock banking on U.S. marijuana legalization anytime soon.

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