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Richard Carleton, president and chief executive officer of the Canadian Securities Exchange (CSE), told CNBC that it was only a matter of time before the US approved cannabis at the US level. federal.
It's a question of "two and a half or six and a half years, it depends on the presidential cycle," he said.
Last week, William Barr, President Donald Trump's candidate for leadership of the US Department of Justice, said Congress needed to develop a plan to overcome differences between federal and state laws. Barr said that he was personally against the pot, but he opposed a reversal by the former Attorney General against a policy facilitating the enforcement of federal marijuana laws .
According to Canaccord Genuity financial services company CEO, uncertainty over the direction the United States will take will lead to volatility for cannabis stocks.
"The United States – who knows what's going to happen? Tons of good things could happen, tons of bad news could come in. As a result, you will continue to see a lot of volatility," said Daniel Daviau.
"Here you measure the benefits two years later, and you put a pretty big multiple.You do not need a lot of attitude change to change the course of action, you're going so see a lot of volatility, "he added.
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