-- The House passed the Marijuana Opportunity Reinvestment and Expungement Act in a 220-204 vote, the New York Times reported Friday. Provisions including decriminalizing marijuana at the federal level by removing it from the Controlled Substances Act.

-- Shares of many cannabis companies gained last week after media reports that a House vote was imminent. Tilray Brands Inc., which closed at $5.72 on March 23, ended the next two days at $6.97 and $8.56. Canopy Growth Corp. closed at $7.09 on March 23, then posted closing prices of $7.90 and $8.69. On Friday, many stocks in the sector posted slight moves up or down.

 

Full story: https://www.nytimes.com/2022/04/01/us/politics/marijuana-legalization.html

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

April 01, 2022 13:24 ET (17:24 GMT)

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