The US House of representatives will consider the marijuana related bill

According to media reports, the US marijuana legalization bill is expected to be considered and voted by the house rules committee recently.

Guoyuan Securities believes that the legalization of policies is the main driving force for the development of the marijuana industry. In particular, the United States has begun to try to legalize marijuana at the federal level. Once successful, it is expected to open the huge market in the United States. Cannabinoid, mainly CBD, will be added to more application scenarios in overseas mature markets. Under the neutral assumption, it is estimated that the market size of the global cannabis industry will increase to US $58.7 billion by 2024.

In terms of the company, Longke intelligent (300543) is mainly engaged in intelligent power supply and controller, and plant lighting products are mainly sold to the United States for the planting of high value-added crops; Led plant lighting products of Infineon (300582) can be used in marijuana planting business.


Source: financial sector