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 News17 hours agoChef Sophie Phipps prepares to open restaurant at 30-acre Alsahwa Estate
-
Noosa News17 hours agoTeens help keep their Riverina family farm running
-
Noosa News14 hours agoMan charged over Brisbane bus driver attack; The latest on the crisis in the Middle East; AC/DC reveal Australian tour details
-
General22 hours agoTony Abbott: ‘Israel is doing the world’s work’