Cannabis stocks have struggled in the market in recent years as the industry push to gain ground on the regulatory front hasn’t progressed as quickly as investors had hoped.
Voters in five states, including four that are among the most conservative in the country, are deciding on whether to legalize recreational marijuana this election.
A unanimous U.S. Senate has voted to expand research into cannabis to see if there are any medical benefits to the drug and its compounds, including cannabidiol.
Kansas Democratic leaders announced on Thursday that they will be introducing proposals to let voters decide on legalizing medical and adult-use marijuana