TLRY - Symbolic day for cannabis setting up with House vote on tap

Tomorrow could be a historic day for the cannabis sector if the House of Representatives votes to approve the MORE Act on cannabis legalization as expected. While the bill will be almost surely blocked by Mitch McConnell in the Senate, there is still some focus on the vote, according to Cowen. "Key to watch in the House is whether re-elected Democrats vote against the MORE Act or if re-elected Republicans vote in favor of the bill. As the Democratic margin will shrink next year, these defections could tell us whether the MORE Act could pass next year," observes Cowen analyst Jaret Seiberg. Seiberg calls the cannabis Senate stall frustrating, but reminds that legislation typically takes years to pass. "Real efforts to legalize cannabis are only two or three years old. To get a House floor vote this soon is extraordinary and it only reinforces our view that it is just

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Symbolic day for cannabis setting up with House vote on tap