The AdvisorShares Pure US Cannabis ETF has reached an all-time low of $17.59 after the delay of Chuck Schumer’s CAOA Act. CAOA is short for Cannabis Administration and Opportunity Act. The ETF was priced around $25 to start the year. Though there is the potential for Schumer’s legislation to pass into law later this year, it won’t be considered the law of the land until August at the earliest. The original expectation was that Schumer’s legislation would go up for a vote in April.
Wow. When Booker said the other day that there were no guarantees CAOA would be introduced in April (4/21) because of legislative backlog, he wasn't kidding. We thought it might be delayed until May—I guess we're talking August. Hits never stop in $MSOS. https://t.co/Ti7QKwTQKS
— The Dales Report (@TheDalesReport) April 14, 2022
