Marijuana Company of America Inc (MCOA)

[Original Bad Bob]

The House Rules Committee is now set to take up the MORE Act on Wednesday (today) to prepare it for floor action. The panel will decide which submitted amendments can be made in order for floor action, which could then come as soon as Thursday. The most notable proposed change in an amendment filed by leadership concerns the tax structure of the bill.

There are concerns about the optics of approving marijuana reform before passing another COVID-19 relief bill, and the vote will either be delayed or compromised in committee to postpone the vote IMO.

If this is the reason for the upturn in MCOA pricing these last few days, you might want to take a bit of profit off the table.