Cannabis stocks were mostly lower Monday, as investors moved to the sidelines to await the fate of a bill that aims to provide protections for companies in states that have legalized weed.
Blumenauer is one of four lawmakers to introduce The Strengthening the Tenth Amendment Through Entrusting States Act, or States Act, last week, along with Sens. Elizabeth Warren, Dem-Mass. and Cory Gardner, R-Colo. And Dave Joyce, Rep-Ohio. The bill seeks to amend the federal law that continues to ban cannabis to include exemptions for businesses and individuals who comply with state laws.
In Australia, Canada’s Asterion Cannabis has gained clearance to build a facility in Toowoomba in Queensland that can produce up to 20,000 plants in a single day for harvest, according to website CannabisRadar. Under Queensland’s medical cannabis program, the substance is used to treat arthritis, epilepsy, nausea, multiple sclerosis and chronic pain.
New Age Beverages Corp. NBEV, +31.87% a company that has ambitious plans for a line of CBD-infused drinks under the Marley brand that it acquired in 2017, also bucked the trend with a more than 28% gain following news of a distribution deal with retail giant Walmart Inc. WMT, +0.23% Read also: FDA warns companies to stop making ‘unsubstantiated’ claims about CBD curing cancer and Alzheimer’s
Tilray Inc. TLRY, -4.43% was down 4%, Hexo Corp. HEXO, -1.36% was down 1.1%, Aleafia Health Inc. ALEF, -4.28% ALEF, -4.28% was down 3.9%.
I do not smoke weed I do not like what I smell in our air Supposed to be weed out there I live clean&sober I'm all for healthy old-school weed That is NOTwhats out there Our people are being given horrible chemicals from other countries that are killing them we need to fixthat.