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Healthcare failure moves cannabis vote closer

Updated: July 18, 2017

Upcoming Congressional Vote Could Send Cannabis Stocks Rallying

(NEW YORK)--As healthcare repeal and replace bill fails Congress may now swing their attention to the budget and cannabis amendment, which could set the stage for rally in marijuana stocks.

Pending Vote in Congress

The amendment, introduced by Representatives Dana Rohrabacher (R-Calf.) and Earl Blumenauer (D-Ore.), was originally passed in the House in 2014 and 2015, and has remained on the current budget through the continuing resolution, but is set to expire this September.

This legal uncertainty took a lot of air out of the red hot marijuana sector, but things may be about to catch fire again with the upcoming vote expected shortly.

In the coming weeks, before the August recess, Congress is expected to vote on the Rohrabacher-Blumenauer amendment for the Fiscal Year 2018 appropriations bill. If the Rohrabacher-Blumenauer amendment is passed within the bill traders could see a sharp rally within a select few marijuana and cannabis plays.

Here are a few cannabis related stocks that could be in play shortly.

Grow Condos, Inc. (OTC:GRWC)
Amfil Technologies (OTC:AMFE)
Medical Marijuana, Inc. (OTC:MJNA)
ChineseInvestors.com (OTC:CIIX)
Real Brands, Inc (OTC:RLBD)
MassRoots, Inc. (OTC:MSRT)

http://www.wallstreetnewscast.com/cannabis/