This amendment extension is what has been holding cannabis stocks down since May. Now that healthcare bill all but dead watch Congress swing attention to budget, and Rohrabacher-Blumenauer amendment.
If this passes it BLOCKS the Dept of Justive from going after marijauna companeis...whole sector will explode up...CIIX already showing signs its about to run
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.
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