Business
Why the Cresco (ASX:CPH) share price is rocketing up 30% today
The emerging cannabis industry has received another vote of confidence, after the United States House of Representatives passed a historic bill to end a federal ban on marijuana last Friday.
The proposal has yet to be signed into law. However it’s given a boost to Australia’s cannabis industry, including ASX-listed Creso Pharma Ltd (ASX: CPH). The Cresco share price is surging 30% higher to 13 cents at the time of writing.
US Senate to vote on the new bill
The US House of Representatives on Friday voted on the Marijuana Opportunity Reinvestment and Expungement Act, popularly known as the MORE Act. The Act decriminalises cannabis and clears the way to erase non-violent federal marijuana convictions.
In the vote count, 228…
-
Noosa News19 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership
-
General19 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
Noosa News11 hours agoNew playground equipment encourages children to learn through ‘risky play’
-
General8 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania