Marijuana Legalization delayed by Missouri House Leadership

The Missouri House of Representatives was expected to consider a GOP-led bill to legalize marijuana on Monday—but the sponsor tells Marijuana Moment that leadership is standing in the way, prompting him to post a call to action for supporters. This latest development comes days before the legislature adjourns and as an activist- and industry-driven campaign pushes to place reform on the ballot via a voter initiative. The primary contention between the sponsor and leadership concerns whether or not to include licensing caps for marijuana businesses in the state. Rep. Ron Hicks (R) isn’t interested in caps—and he didn’t include any…

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US Marijuana stock plummet due to Economic Challenges

US marijuana stock plummet due to Economic challenges. The fierce bear market gripping U.S. marijuana stocks looks set to continue – barring a major legislative surprise from the halls of Congress. Publicly traded cannabis companies have seen their stock prices plunge by as much as 70% since early February 2021, largely reflecting the lack of progress in passing some form of legislation to reform the nation’s marijuana laws. A variety of economic factors are exacerbating the negative investor sentiment, including: A slowdown in revenue growth in key state marijuana markets. Rising inflation. Tight capital. Recession fears. The war in Ukraine,…

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