Missouri New Marijuana Regulations: Businesses License Risks For Event Organizers & Subpoenaing Cannabis Records
Portfolio Pulse from Joana Scopel
Missouri has implemented new regulations for the cannabis industry, granting officials the authority to impose fines, suspend operations, or revoke licenses for rule violations at public events. The state's Department of Health and Senior Services can now directly issue subpoenas to investigate licensed marijuana businesses and third-party entities. The news coincides with a rise in the share prices of several cannabis ETFs.
July 31, 2023 | 10:04 pm
News sentiment analysis
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POSITIVE IMPACT
Amplify Seymour Cannabis ETF (CNBS) saw a 3.43% increase in share price.
The new regulations in Missouri could potentially increase the market for cannabis, which would benefit cannabis ETFs like CNBS.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
ETFMG Alternative Harvest (MJ) saw a 3.81% increase in share price.
The new regulations in Missouri could potentially increase the market for cannabis, which would benefit cannabis ETFs like MJ.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Global X Cannabis ETF (POTX) saw a 5.60% increase in share price.
The new regulations in Missouri could potentially increase the market for cannabis, which would benefit cannabis ETFs like POTX.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
AXS Cannabis ETF (THCX) saw a 5.46% increase in share price.
The new regulations in Missouri could potentially increase the market for cannabis, which would benefit cannabis ETFs like THCX.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cambria Cannabis ETF (TOKE) saw a 0.98% increase in share price.
The new regulations in Missouri could potentially increase the market for cannabis, which would benefit cannabis ETFs like TOKE.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
AdvisorShares Pure Cannabis ETF (YOLO) saw a 4.18% increase in share price.
The new regulations in Missouri could potentially increase the market for cannabis, which would benefit cannabis ETFs like YOLO.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80