'Congressional Committee Blocks GOP-Led Marijuana Legalization And Fentanyl Contamination Amendments From Floor Votes' -Marijuana Moment Report
Portfolio Pulse from Benzinga Newsdesk
A Congressional committee has blocked GOP-led marijuana legalization and fentanyl contamination amendments from floor votes, according to a Marijuana Moment report. This decision may impact the stocks of several cannabis companies.
May 23, 2023 | 3:31 pm
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NEGATIVE IMPACT
Aurora Cannabis may be negatively impacted by the blocked marijuana legalization amendments.
As a major player in the cannabis industry, Aurora Cannabis (ACB) could face challenges in expanding its market and revenues due to the blocked marijuana legalization amendments. This may lead to a negative impact on its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canopy Growth Corporation may face challenges due to the blocked marijuana legalization amendments.
Canopy Growth Corporation (CGC), a leading cannabis company, may face difficulties in expanding its market and revenues due to the blocked marijuana legalization amendments. This could negatively impact its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tilray may be negatively impacted by the blocked marijuana legalization amendments.
Tilray (TLRY), a prominent cannabis company, may face challenges in expanding its market and revenues due to the blocked marijuana legalization amendments. This may lead to a negative impact on its stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80