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In this clip from The Call @ Hedgeye, Consumables analyst Howard Penney and Chief Political Strategist JT Taylor react to some unexpected support for Cannabis legalization from Republican Congresswoman Nancy Mace. Future cannabis stock performance is largely tied to legislation being passed in Washington.
“If you didn’t know it, now you know. The epicenter for everything cannabis is Washington DC,” exclaims Penney. “It’s been a painful ride along with the Biden approval rating and the dislocation the Democrats have provided the cannabis industry, but it looks like things may be changing.”
“What Mace’s bill will do (and this is significant), it might move the ball on this Schumer bill in the Senate,” notes Taylor, referring to similar legislation proposed by Senate Majority Leader Chuck Schumer of New York.
(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates.)
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