Congressman John Yarmuth (D-Ky.), chair of the powerful House Budget Committee, purchased several pot stocks while advocating for legalization, Popular Info reported.
- In November, Yarmuth purchased between $1,000 and $15,000 in Canopy Growth Corporation, Aurora and Tilray, according to a filing.
- Weeks later he promoted his co-sponsorship of the MORE Act, which would decriminalize federally and passed the House of Representatives.
- In February, he increased his holdings in the three stocks.
- A spokesman for the Congressman said it was ethical because he did so transparently.
- Members of Congress can trade stocks, but not based on inside information.
