Weed stocks light up on report marijuana legalization bill headed for House vote

Leafly Holdings

24/03/2022 20:30

** Pot stocks jump in late afternoon trading on news U.S.
House of Representatives preparing to vote on federal
legalization of marijuana
    ** The House to consider the Marijuana Opportunity,
Reinvestment and Expungement (MORE) Act, a bill sponsored by
House Judiciary Committee Chairman Jerrold Nadler (D-NY) next
week, according to Marijuana Moment https://www.marijuanamoment.net/federal-marijuana-legalization-bill-officially-scheduled-for-house-floor-vote-next-week
    ** Cronos Group  CRON.K  finishes up 8.7% on Thurs, while
Canopy Growth Corp  CGC.O  rises 11.4%
    ** Other gainers on Thurs include: Sundial Growers  SNDL.O 
23.1%, Tilray Inc  TLRY.O  21.9%, Hexo Corp  HEXO.N  up 13.2%
    ** Cannabis-focused website Leafly Holdings Inc  LFLY.O 
ends session up 12.0%
    ** MJ ETF  MJ.P  rises 7.9%

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))