No one is laughing at Scutari now. Having also authored the bill that made medical marijuana legal in New Jersey in 2010, he's now the industry darling, and it shows in the amount of money lobbyists, cannabis companies and doctors have poured into his election campaigns.
In the last three years, the marijuana industry has contributed tens of thousands of dollars to Scutari and other elected officials who are leading the charge on legalization, according to data filed with the New Jersey Election Law Enforcement Commission.
As marijuana stocks wait for Canada to legalize, the pressure begins to mount on U.S. pot stocks. With former Republican House Speaker John Boehner joining the board of Acreage Holdings’ weed stocks may have hope yet. Derek Peterson, CEO of Terra Tech Corp. – the first cannabis stock on the list below –believes Boehner’s move could be “a strong indicator of the political and social winds blowing in favor of legalization.”
At the turn of the year, California officially became the most significant adult-use recreational cannabis market around, leaving pot stock investors salivating. Though some bumps have occurred along the way, especially some regulatory hurdles, the move to repeal prohibition has mostly been a success.