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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

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
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

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.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »