As growing support for marijuana legislation continues to grow on both sides of the political spectrum, emerging small-cap company Flora Growth Corp. (NASDAQ: FLGC) looks positioned to capitalize as it boasts a $6 price target! The political election is only weeks away and Vice President Harris recently outlined her commitment to "break down unjust legal barriers" through the national legalization of marijuana, with a focus on cultivating safe, regulated cannabis markets and promoting economic equity. Former President Donald Trump has also recently voiced support for cannabis legalization, pledging to vote in favor of a Florida measure legalizing recreational marijuana that will appear on the state's ballot this fall. Trump's backing of state-level cannabis legalization demonstrates a growing recognition of the economic and social benefits that regulated cannabis markets can bring. Flora Growth Corp. (NASDAQ: FLGC) is an emerging player that is already capitalizing where nations allow cannabis, and this growing bi-partisan momentum would only drive more clarity for its business! Florida-based Flora Growth Corp. (NASDAQ: FLGC) operates across several regulated markets globally. This multi-national cannabis company manufactures and distributes consumer packaged goods, medicinal cannabis and pharmaceutical products in all 50 states and 28 countries with 20,000+ points of distribution around the world. The company has been actively acquiring companies over the past few years in hopes of expanding its business both in the U.S. and globally. Bullish sentiment surrounds the company with an impressive $6 price target from ROTH MKM and FLGC's own CEO purchasing 1.3 million shares to depict his growing confidence in the company.
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Wednesday 23 October 2024
With weeks until election, FLGC is the #1 legal MJ stock to watch as cannabis legislation momentum continues!
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