Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

11 Aug, Thursday
° C

Bull Trader USA

Weed is likely to remain federally illegal, but ‘cannabis banking’ could pass this year

Motley Fool

Why Marijuana Stocks Dropped on Thursday

Today appears to be one of the selling days, as shares of Aurora Cannabis (NASDAQ: ACB) slid 3.1%, Tilray (NASDAQ: TLRY) tanked 3.4%, and Canopy Growth (NASDAQ: CGC) led the sector lower with a 3.6% loss as of 12:20 p.m. ET. News today on the marijuana legalization front is actually pretty positive, with the Rules Committee of the U.S. House of Representatives having just voted to allow the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act to proceed to the House floor for a full vote on Friday. As reports, the comprehensive marijuana legalization bill is expected to sail through its House vote tomorrow, with D.C.-based think tank The Liaison Group predicting a tally similar to the one that passed this same law two years ago — about 228 for legalization, and 164 against.

Post a Comment