Mainstream Marijuana Up for Vote

Mainstream Marijuana Up for Vote

May 5, 2022

On April 1, The U.S. House of Representatives passed a resolution known as H.R.3617: Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which would federally decriminalize marijuana. The legislation’s passage comes after twenty-seven states and the District of Columbia have decriminalized small amounts of marijuana.

The Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) previously passed the House in a 228 to 164 vote, as five Republican lawmakers joined Democratic lawmakers in passing this bill. This legislation is seen as a stepping stone towards legalization of cannabis for medical and recreational use.

That was in 2020, but soon after it died in committee. Weed stocks got a boost from the news, but if the bill does not pass the Senate, share prices are sure to reset.

Capitalize on the volatility of cannabis going into the vote:  MSOS, TLRY, CGC, GRWG

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© 2024 Olive Advisors Inc. All Rights Reserved.

By using this website, you accept and agree to Olive's Terms of Use and Privacy Policy. Olive's investment advisory services are available only to residents of the United States in jurisdictions where Olive is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. All performance information is shown for illustrative purposes only and excludes the impact of fees and taxes. The content on this website is for informational purposes only and does not constitute a comprehensive description of Olive's services. For more information information on risks associated with options, please see disclosures.

Information provided by Olive Advisors Inc. is for informational and general educational purposes only and is not tax or financial advice.

Contact Olive at support@oliveinvest.com. 31 Hudson Yards, New York, NY 10001

© 2024 Olive Advisors Inc. All Rights Reserved.

By using this website, you accept and agree to Olive's Terms of Use and Privacy Policy. Olive's investment advisory services are available only to residents of the United States in jurisdictions where Olive is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. All performance information is shown for illustrative purposes only and excludes the impact of fees and taxes. The content on this website is for informational purposes only and does not constitute a comprehensive description of Olive's services. For more information information on risks associated with options, please see disclosures.

Information provided by Olive Advisors Inc. is for informational and general educational purposes only and is not tax or financial advice.

Contact Olive at support@oliveinvest.com. 31 Hudson Yards, New York, NY 10001