House Passes Marijuana Bill -- New York Times
April 01 2022 - 12:39PM
Dow Jones News
-- The House passed the Marijuana Opportunity Reinvestment and
Expungement Act in a 220-204 vote, the New York Times reported
Friday. Provisions including decriminalizing marijuana at the
federal level by removing it from the Controlled Substances
Act.
-- Shares of many cannabis companies gained last week after
media reports that a House vote was imminent. Tilray Brands Inc.,
which closed at $5.72 on March 23, ended the next two days at $6.97
and $8.56. Canopy Growth Corp. closed at $7.09 on March 23, then
posted closing prices of $7.90 and $8.69. On Friday, many stocks in
the sector posted slight moves up or down.
Full story:
https://www.nytimes.com/2022/04/01/us/politics/marijuana-legalization.html
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 01, 2022 13:24 ET (17:24 GMT)
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