News Formal

Pot stocks surge for a second day after a marijuana legalization act passes a key vote | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Pot stocks surge for a second day after a marijuana legalization act passes a key vote

Next, the bill will go to the House for a vote, where it's widely expected to be supported by the Democratic majority. It faces tougher scrutiny in the Republican-controlled Senate, especially as Majority Leader Mitch McConnell is firmlyWhile the MORE Act passing the key vote is a good thing for the cannabis industry, the road ahead to legalization in the US is far from certain, according to W. Andrew Carter of Stifel.

"We believe this has a very low probability of success," Carter wrote, even though the"legislation's momentum underscores our robust long-term outlook for the global cannabis industry." where disappointing earnings sent shares tumblingWhile many pot stocks are still a far cry from an all-time high, the rebound is positive.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese investors are sinking cash into Hong Kong's stock market as protests escalate - Business InsiderThe Chinese buyers are enticed by cheap prices, as months-long protests pull Hong Kong into an economic recession and drag on its stock market.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How market judges streaming service success: Disney, Apple, Netflix - Business InsiderAfter the Disney Plus and Apple TV Plus launches, Wall Street analysts sketch out how the market will judge success for streaming services
Source: BusinessInsider - 🏆 729. / 51 Read more »

Major SVODs consider bundling a pathway to market entrenchment - Business InsiderService providers are boosting the value added of their SVOD through aggregation with other services to remain attractive in the cramped SVOD market.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How BlackBerry went from controlling the smartphone market to a phone of the past - Business InsiderDespite being one of the first smartphones, BlackBerry failed to innovate and became complacent in how the smartphone market was changing.
Source: BusinessInsider - 🏆 729. / 51 Read more »