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home / news releases / TLRY - U.S. House gears up for historic vote on cannabis legalization


TLRY - U.S. House gears up for historic vote on cannabis legalization

Members of the U.S. House of Representatives are expected to cast a historic vote today on the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, which would remove pot from the U.S. list of controlled substances.The bill, would decriminalize marijuana on the federal level and create pathways for ownership opportunities in the emerging industry, allow obtaining medical cannabis recommendations and establish funding sources to reinvest in communities affected by the war on drugs.However, MORE Act is unlikely to become law soon because the U.S. Senate has not shown willingness to act on it. Also, the drug wouldn’t automatically become legal nationwide, as each state would utlimately determine whether pot could be sold there.The vote would arrive roughly a month after five states — New Jersey, Arizona, Montana, South Dakota and Mississippi — voted on Election Day to legalize recreational or medical cannabis.Rep. Earl Blumenauer said last week the vote

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U.S. House gears up for historic vote on cannabis legalization
Stock Information

Company Name: Tilray Inc.
Stock Symbol: TLRY
Market: NASDAQ
Website: tilray.com

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