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HOUSE POSTPONES LEGALIZATION VOTE

The Democrat-controlled House of Representatives postponed a vote on the MORE Act, which would legalize cannabis nationwide and enact several equity measures.
Marijuana Moment

  • Democrats initially though support for legalization made it an easy win but they got cold feet after being bludgeoned by Republicans over pushing the bill instead of coronavirus relief. (House Democrats passed a relief bill but it is too expensive for Republicans.)
    Politico
  • The bill stood little chance of passing the Republican-controlled Senate.

Industry insiders say November’s election is unlikely to accelerate legalization, though they tend to describe Democrats winning the presidency and control of the Senate as the best scenario for the industry.
WeedWeek