U.S.-Listed Pot Stocks Surge As Marijuana Legalization Bill Nears House Vote

6 months ago 16

A measure that would region cannabis from the database of federally controlled substances volition beryllium voted connected by Congressional lawmakers arsenic aboriginal arsenic adjacent week, reports suggest.

Updated astatine 9:55 americium EST

U.S.-listed cannabis stocks surged higher Friday pursuing a study that suggested lawmakers could ballot connected authorities that would legalize the usage of marijuana nationwide arsenic aboriginal arsenic adjacent week.

House lawmakers are acceptable to ballot connected the Marijuana Opportunity, Reinvestment and Expungement, oregon MORE Act, a measure introduced by House Judiciary Committee Chairman Jerry Nadler (D-NY) that would region marijuana from the database of federally controlled substances, The Hill reported past Thursday. portion imposing a national taxation connected sales.

The MORE Act comfortably passed a 228 to 164 ballot successful the House successful December of 2020, but failed to beforehand done what was astatine the clip a Republican-controlled Senate. 

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Tilray  (TLRY) - Get Tilray Brands, Inc. Report shares were marked 14.6% higher successful aboriginal Friday trading pursuing reports of the House ballot to alteration hands astatine $7.95 each, portion Canopy Growth  (CGC) - Read Entire Article