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Support for the legalization of Cannabis for recreational use has become increasingly popular among the majority of Americans. Now, tax revenues that could be generated from sales of marijuana, CBD, and other cannabis products may be a means of refilling state coffers that have been bled dry by the Coronavirus. Legal hoops remain the top hurdle holding back the American cannabis industry, but the 2020 election season might soon add more challenges to the federal prohibition than already expected.

Related ETF: ETFMG Alternative Harvest ETF (MJ)

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