Cannabis Stocks to Watch in Advance of MORE Act
Several cannabis stocks are trading lower Thursday morning even after a key House Rules Committee cleared the latest MORE Act aimed at legalizing cannabis in the USA.
What is the MORE Act?
The MORE Act stands for the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act. The bill aims to remove marijuana from the list of federally controlled substances. A previous version cleared the House floor late 2020 but stalled in the Senate.
What’s next for the MORE Act?
Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, now heads to a Floor vote.
Will the MORE Act Pass?
Even though a majority of American’s now support cannabis legalization – the MORE Act may struggle to gain support from House Republicans. Interestingly enough, we anticipate many House Republicans to speak in favor of legalization but will refuse to vote for the MORE Act.
What are the Cannabis Stocks to Watch in Advance of the Vote?
Out of the approximate 450 cannabis stocks trading on various exchanges – we believe the cannabis stocks to watch in advance of the vote to include the following that are currently trading lower on Thursday morning:
- 1933 Industries (TGIFF)
- HEXO (HEXO)
- Curaleaf (CURLF)
- Aurora Cannabis (ACB)
- Tilray (TLRY)
- Canopy Growth Corp (CGC)
- Trulieve (TCNNF)
Cannabis Stocks to Watch in Advance of MORE Act
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