$Pistol Pete$, $Mick$ & Friends Stock Picks /news, DD and charts

[mick]

state of cannabis in the U.S. in the grand scheme of things?

It means the last dominoes are on their way down for federal legalization.

Two of the three most populous states now have these conviction-reversal statutes in place, indicating that the legal climate for cannabis has become favorable in the mainstream.

In addition, Maryland — one of the two states bordering the nation's capital, which itself decriminalized marijuana five years ago — has fallen in line with this philosophy of leniency toward past offenders.

Though the cannabis sector as a whole has been hurting as of late, with the North American Marijuana Index dropping by nearly half, the ultimate catalyst cannabis investors have been awaiting is still in the offing, and drawing nearer.

For the savviest of investors, this marks an important milestone in the story of legal cannabis.

Once the mania subsides and the biggest cash cows of the initial boom are slaughtered (look no further than Tilray and Canopy Growth, which are 82% and 54% off their peaks, respectively), the real winners of the long-term bull market will start to emerge.