'Bipartisan Congressional Lawmakers File Marijuana Legalization Bill' - Marijuana Moment
Portfolio Pulse from Benzinga Newsdesk
Bipartisan House lawmakers have refiled a bill to federally legalize marijuana, the States Reform Act, which was first introduced in 2021. The bill aims to end federal cannabis prohibition and treat marijuana similarly to alcohol. It includes provisions for expungements for non-violent cannabis convictions and imposes an excise tax, the revenue from which would support community reinvestment, law enforcement, and Small Business Administration activities. The bill's prospects of advancing under the GOP-controlled House are uncertain.
October 25, 2023 | 3:26 pm
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The refiling of the States Reform Act could potentially benefit Aurora Cannabis if it leads to federal legalization of marijuana.
If the bill passes, it could open up new markets and opportunities for Aurora Cannabis, potentially leading to increased revenues and growth.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
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Canopy Growth Corporation could see potential benefits if the States Reform Act leads to federal legalization of marijuana.
Federal legalization of marijuana could open up new markets and opportunities for Canopy Growth Corporation, potentially leading to increased revenues and growth.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
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Tilray could potentially benefit from the refiling of the States Reform Act if it leads to federal legalization of marijuana.
If the bill passes, it could open up new markets and opportunities for Tilray, potentially leading to increased revenues and growth.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70