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Betting on Marijuana Legalization Bill? Analysts Suggest 3 Stocks to Buy

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Associated Press

GOP Rep. Mace’s bill would federally decriminalize marijuana

Republican Rep. Nancy Mace of South Carolina introduced legislation Monday to federally decriminalize marijuana, a measure she said would give states freer rein to pass their own laws and regulations without fear of federal reprisals. The measure, which Mace said she hoped would garner broad GOP support, was met immediately with criticism from conservatives in her home state, some of whom vowed opposition to any effort toward legalization. In announcing the bill during a Washington news conference on Monday, Mace said a half-dozen GOP House members would be original co-sponsors of the bill, which she said would aim to regulate marijuana similarly to alcohol and prohibit its use for anyone under 21 years of age.

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