Cannabis stocks went into a tizzy, in a good way, on Thursday’s blockbuster news that the House of Representatives will call a vote next week on the MORE Act - Marijuana Opportunity, Reinvestment and Expungement – which seeks to remove cannabis from the list of federally controlled substances and promote social equity in the industry.
Then, within hours came more news: the Senate unanimously approved a bipartisan bill promoting cannabis research. The latter didn’t quite get the shouts and murmurs nor cause cannabis stocks to go wild, but, as one researcher put it, “Cannabis contains a galaxy of unexplored compounds...that may well transform our understanding of plant medicine and human biology." So, yes, legalizing cannabis research was another piece of huge news.
