Cannabis Stocks Could Get Boost From Kamala Harris Sponsored MORE Act
30 November 2020 - 5:05PM
InvestorsHub NewsWire
November 30, 2020 -- InvestorsHub NewsWire -- via pennymillions
-- Forbes reported today that “The
Marijuana Opportunity Reinvestment and Expungement (MORE)
Act of 2019 has set a vote by Congress between December 2-4,
2020.”
The Forbes article continues “The MORE Act, sponsored by Vice
President-elect Kamala Harris, decriminalizes marijuana at the
federal level and allows the states to set their cannabis
regulation policies. A significant highlight of the bill includes
expungements of convictions for many federal marijuana-related
offenses and a 5% commercial cannabis tax towards communities
affected by the War on Drugs. Other provisions include
opportunities for cannabis businesses and expansion for medical
cannabis with the U.S. Department of Veterans Affairs.”
See full Forbes Article:
Congress Set
To A Vote On MORE Act The First Week Of December
Federal legalization interest, even interest short of passing
the MORE Act, is likely to bode well for the performance of
cannabis stocks. Stocks to keep an eye on this week as Congress
debates the MORE act include
PURA, PAOG,
HEMP,
MJNA,
ALKM and
POTN.
Source: pennymillions/moreact
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