×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: ALLTOP | BUSINESS | CMD | COS | ETF | FIN | GEN

Pot Stocks Gain as House to Vote on Decriminalization

Pot Stocks Gain as House to Vote on Decriminalization

Friday, 27 November 2020 02:18 PM

Pot stocks jumped after an updated U.S. House schedule showed a vote will be held on marijuana decriminalization next week.

The BI Global Cannabis Competitive Peers index, which had been trading lower before the announcement, quickly gained 3% to the highest since Feb. 10. Aurora Cannabis Inc. rose 16%, Tilray Inc. jumped 14%, Harvest Health & Recreation Inc. added 11% and Cronos Group Inc. gained 8.6%.

A vote will be held on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, which seeks to remove cannabis from the list of scheduled substances, according to a schedule update from Majority Leader Steny Hoyer. The House delayed a vote earlier this year. The Senate is not set to consider similar legislation at this time.

© Copyright 2021 Bloomberg News. All rights reserved.


Newsfront
Pot stocks jumped after an updated U.S. House schedule showed a vote will be held on marijuana decriminalization next week.The BI Global Cannabis Competitive Peers index, which had been trading lower before the announcement, quickly gained 3% to the highest since Feb. 10....
ALLTOP, BUSINESS, CMD, COS, ETF, FIN, GEN, GOV, INDUSTRIES, MARKETS, NORTHAM, NRG, OIL, STK, TOP, US, WORLD, WWTOP, WWTOPAM
121
2020-18-27
Friday, 27 November 2020 02:18 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved