The first marijuana bill of the new Congress has been introduced.
Cannabis stocks in the United States and Canada typically rise when legal reforms are proposed, as they did in December when President Joe Biden signed a marijuana research bill into law, Seeking Alpha reported Monday (Jan. 16).
Monday afternoon, cannabis stocks were up 0.19% for the day, according to Yahoo Finance.
FinTechs and others have been gearing up for growth in the cannabis industry in the states in which marijuana has been legalized.
As marijuana becomes legal in more places, “businesses will need to ensure their infrastructure and processes (i.e., payments) are prepared to efficiently handle consumer demand and successfully scale,” POSaBit said Nov. 29 when announcing the collaboration.
In August, it was