Was The House Vote On The MORE Act A Strategic Mistake?

On Friday, the House of Representatives voted 228 to 164 in favor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act.

The legislation — first introduced by Rep Jerrold Nadler and sponsored by Vice President-elect Kamala Harris — is poised to decriminalize marijuana on a federal level. It's intended to eliminate cannabis from the list of federally controlled substances and also cancel criminal penalties related to marijuana.

As the dust around voting settles, cannabis industry experts say the upper chamber's current Republican control could jeopardize the effort.

Cantor Fitzgerald analyst Pablo Zuanic said in an analyst note on Monday that "without Democrats gaining the two Senate seats in GA on Jan 5th, we would put the chances of …

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More Was The House Vote On The MORE Act A Strategic Mistake?