The shares of marijuana company Green Thumb Industries saw an early pop on Monday, on news that the company is buying into the Virginia market.
What’s exceptional about this one is that Virginia just legalized recreational marijuana, following a general trend that has seen other U.S.
There’s a very big caveat, however — Virginia’s new law won’t take effect until 2024.
The recreational legalization wave hasn’t crested yet, in my view, and once key Democratic lawmakers get done with their big economic support initiatives, they’re sure to push for decriminalization at the federal level.