Cannabis Stocks Could Get Boost From Kamala Harris Sponsored MORE Act

 

 

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