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Benzinga
Benzinga
Business
Maureen Meehan

Cannabis Stocks React To House Vote Approving Federal Marijuana Legalization Bill

The House of Representatives voted to federally legalize marijuana on Friday and adopted two amendments to the legislation before final passage.

Following an hour or so of debate on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, presented by House Judiciary Chairman Jerrold Nadler (D-NY) the full chamber voted 220-204 to end federal cannabis prohibition and promote social equity in the industry.

The vote fell mostly along party lines with only three Republicans supporting the measure and two Democrats opposing it, reported Marijuana Moment.

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