Marijuana stocks may have officially run into a brick wall. According to White House spokesperson Sean Spicer, the administration is gearing up for “greater enforcement” of federal marijuana laws.
A federal crackdown on recreational and/or medical marijuana is horrible news for American growers and sellers. However, the crackdown could have a neutral or even positive impact on some marijuana stocks. Investors could use any headline-related dip in these marijuana stocks as a long-term buying opportunity.