Cannabis stocks slump for second straight week as prospects dim for nationwide legalization

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Cannabis growers and distributors dropped for a second straight week, falling with the broader market and on increased concerns about partisan sniping.

. Investors cheered the results, believing that Democrats would take actions to legalize cannabis at a federal level, following votes in November to allow recreational weed in Arizona, Montana, New Jersey and South Dakota. They joined 11 other states that had already legalized pot.

Senate Democrats promised sweeping legislation that would end the federal prohibition of marijuana and an end to the war on drugs. "Ending the federal marijuana prohibition is necessary to right the wrongs of this failed war and end decades of harm inflicted on communities of color across the country," wrote Senate Majority Leader Chuck Schumer of New York, along with Sens. Cory Booker of New Jersey and Ron Wyden of Oregon, in aBut working across the aisle won't be easy, and Democrats need some Republican counterparts to pass any meaningful legislation.

 

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bad article

Stop lumping 🇨🇦 LP's in with 🇺🇸 MSO's like $CURLF $GTBIF, particularly in regards to federal legislation! US Cannabis companies are profitable now & are increasing organic rev growth while 🇨🇦 co's aren't even allowed into vast growing US market! Buy MSOS now before the ER's!

Ari, this was a horrible article. Curaleaf's business is in the United States with over 100 retail locations, not in Canada. Federal legalization is not advantageous to them, it would mean more competition.

Yesterday you were talking about NJ passing and Pennsylvania to be the next...

'Every stock slumps for second straight week as entire market performs like poop'. I fixed it.

Glad I got out of $SNDL when I did - Plummeted

pos article

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 /  🏆 12. in TH

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