Earlier this year, Senate Majority Leader Chuck Schumer, the New York Democrat, introduced draft legislation that could legalize marijuana at the federal level. Although that might be a best-case scenario for the industry, any kind of reform could be welcome news for multi-state operators (MSOs). Simply passing legislation that would make it easy for cannabis companies to access banking services would help them tap into more money for growth.
Two companies that have the most to gain if there is major reform are Green Thumb Industries (OTC:GTBIF) and Curaleaf Holdings (OTC:CURLF). These are two of the top MSOs in the country, and here’s why their shareholders could be big winners if the federal government eases the rules for the marijuana industry.