Aurora Cannabis

Cannabis Watch

Pot stocks pop ahead of U.S., UN votes on cannabis legalization

Published: Nov. 30, 2020 at 3:09 p.m. ET



By Jeremy C. Owens


Post-election run for beleaguered Canadian cannabis stocks like Aurora and Sundial continues ahead of decisions about removing bans on the drug

Cannabis stocks continued their post-election rise from the ashes Monday, ahead of votes this week regarding decriminalization in the U.S. House of Representatives and at the United Nations.

Just after markets closed early on Black Friday, the House announced a scheduled vote Wednesday on the Marijuana Opportunity Reinvestment and Expungement Act. The bill, known by the acronym MORE, would decriminalize marijuana on the federal level and make other changes, though it is unlikely to become law soon because the U.S. Senate has not shown willingness to act on it.

The United Nations Commission on Narcotic Drugs will begin meeting on Wednesday as well, and is expected to vote on World Health Organization recommendations related to cannabis. The most prominent suggestion is to remove cannabis from a list of illegal narcotics, which — while largely symbolic — could help with legalization efforts in several countries, especially regarding medicinal marijuana..........


https://www.marketwatch.com/story/pot-st...eid=yhoof2