Cannabis federal legalization has just taken a big step forward with a surprise announcement from president Biden to reschedule cannabis at the federal level, along with some other key cannabis policy changes. In this episode I explore what this means for investors, and what is likely to happen in the near future for publicly listed U.S. cannabis companies and their stocks.

Timestamps:
00:23 Cannabis stocks ripped higher on the news
01:23 Biden's important cannabis policy announcement
03:42 Rescheduling cannabis, not federal decriminalization, yet
04:24 No need to wait for SAFE Banking?
05:34 US cannabis companies uplisting to major stock exchanges?
06:28 Fair tax treatment for US cannabis companies
07:06 US cannabis company valuation arbitrage
08:02 Any more downside risk ahead?
08:57 How quickly will Biden move on cannabis?

Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.