Lawmakers Reintroduce Bill That Could Boost Battered Cannabis Sector -- Market Talk

Dow Jones

Apr 18

0921 ET - A bipartisan group of House members have reintroduced a bill that would end federal marijuana prohibition in states where it has been legalized, and be a breath of fresh air for the beleaguered cannabis industry. Two Republicans and one Democrat are taking another pass at the Strengthening the Tenth Amendment Through Entrusting States Act, or STATES Act, which would empower states, Washington D.C., U.S. territories and federally recognized tribal nations to determine their own individual approaches to cannabis. The STATES 2.0 Act's prospects in the narrowly divided House are hazy, though President Trump said on the campaign trail that he supported rescheduling cannabis' federal drug classification. Shares of AdvisorShares Pure US Cannabis ETF, a popular exchange-traded fund tracking marijuana stocks, closed Thursday up more than 10%. (dean.seal@wsj.com)

(END) Dow Jones Newswires

April 18, 2025 09:21 ET (13:21 GMT)

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Two Republicans and one Democrat are taking another pass at the Strengthening the Tenth Amendment Through Entrusting States Act, or STATES Act, which would empower states, Washington D.C., U.S. territories and federally recognized tribal nations to determine their own individual approaches to cannabis. The STATES 2.0 Act's prospects in the narrowly divided House are hazy, though President Trump said on the campaign trail that he supported rescheduling cannabis' federal drug classification. Shares of <a href=\"https://laohu8.com/S/MSOS\">AdvisorShares Pure US Cannabis ETF</a>, a popular exchange-traded fund tracking marijuana stocks, closed Thursday up more than 10%. 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Two Republicans and one Democrat are taking another pass at the Strengthening the Tenth Amendment Through Entrusting States Act, or STATES Act, which would empower states, Washington D.C., U.S. territories and federally recognized tribal nations to determine their own individual approaches to cannabis. The STATES 2.0 Act's prospects in the narrowly divided House are hazy, though President Trump said on the campaign trail that he supported rescheduling cannabis' federal drug classification. Shares of <a href=\"https://laohu8.com/S/MSOS\">AdvisorShares Pure US Cannabis ETF</a>, a popular exchange-traded fund tracking marijuana stocks, closed Thursday up more than 10%. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSOS":"AdvisorShares Pure US Cannabis ETF"},"translate_title":"立法者重新提出可能提振遭受重创的大麻行业的法案——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSOS":0.9},"content_text":"0921 ET - A bipartisan group of House members have reintroduced a bill that would end federal marijuana prohibition in states where it has been legalized, and be a breath of fresh air for the beleaguered cannabis industry. Two Republicans and one Democrat are taking another pass at the Strengthening the Tenth Amendment Through Entrusting States Act, or STATES Act, which would empower states, Washington D.C., U.S. territories and federally recognized tribal nations to determine their own individual approaches to cannabis. The STATES 2.0 Act's prospects in the narrowly divided House are hazy, though President Trump said on the campaign trail that he supported rescheduling cannabis' federal drug classification. Shares of AdvisorShares Pure US Cannabis ETF, a popular exchange-traded fund tracking marijuana stocks, closed Thursday up more than 10%. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  April 18, 2025 09:21 ET (13:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}