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Be on Instagram Chatfuel U.S. Red piranha caught in a Baton Rouge lake Business A crypto crash wiped out $1 trillion this week. Here’s what happened U.S. A 9-year-old girl has died after being shot while jumping on trampoline in… Business Biden’s trade chief holds ‘candid’ talks with China as tensions grow Sports Tennis legend on Osaka: No one has ever done this before Read about Indonesia’s journey to improved aviation safety standards CNA Online Jobs in the USA May Pay More Than You Think Online Jobs | Search Ads PAID CONTENT COVID-19 – Latest news and coverage CNA The push-up bra that has taken the world by a storm. AirBra Pro™ Cải thiện thể chất và tinh thần của bạn với một giải pháp hoàn… Nuubu Top 10 Reasons Your Business Should Be on Instagram Chatfuel MORE FROM The Second Amendment is not about guns Benefits of avocados: 4 ways they are good for your health Trump West Point board appointee spreads Biden conspiracy theory Pizza Hut is bringing back a fan favorite RECOMMENDED BY TOP STORIES Fact check: No, Trump can’t ‘simply be reinstated’ as president 21-year-old University of Cincinnati soccer player drowned in an Ohio state park Recommended by PAID CONTENT Real Estate Prices in Miami Might Surprise You Real Estate | Search Ads FBI warrant and patch for Exchange hack raises serious questions TechBeacon Senior living homes in Buon Ma Thuot may surprise you Senior Living Homes | Sponsored Listings BY MORE FROM BUSINESS A 12-year-old boy and 14-year-old girl broke into a home, found… About 10,000 Tokyo Olympic volunteers have quit with… Police release body camera and aerial video of Florida… San Jose shooting: Body-camera footage shows tense…

Is Amazon the spark that reignites cannabis stocks? By Julia Horowitz, Business Updated 1535 GMT (2335 HKT) June 2, 2021 Amazon changes marijuana and time off policies AMC shares soar to an all-time high Economist: Here’s what’s keeping workers on the sidelines Here’s why used car prices are so high Cryptocurrency expert: Elon Musk knows ‘virtually nothing’ A version of this story first appeared in Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London ( Business)After struggling in recent months, companies that focus on the booming marijuana sector could be primed for a takeoff. What’s happening: Everyday investors are increasingly excited about legislation in Washington that could dramatically change US marijuana policy. And on Tuesday,Amazon (AMZN) announced its support for the federal legalization of marijuana — indicating a growing willingness in Corporate America to throw its weight behind the issue. In recent days, names like Cronos (CRON), Tilray (TLRY) and Sundial Growers (SNDL) have seen a pickup in purchases by amateur traders, according to analysts at Vanda Research. Driving much of the action is the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, which was reintroduced by Democratic House Judiciary Committee Chair Jerry Nadler last Friday. The bill would decriminalize marijuana at the federal level by removing it from a list of controlled substances and reassess previous marijuana convictions. “Despite the low chances that the Act is passed [in] the Senate (due to the filibuster), increasing media coverage is likely to attract the attention of the average retail investor,” Vanda’s Ben Onatibia and Giacomo Pierantoni told clients on Wednesday. They noted that Sundial and Tilray were the fourth and seventh most mentioned stocks in the popular Reddit WallStreetBets forum on Tuesday. Amazon’s big announcement could feed the hype. In a blog post, Dave Clark, CEO of Amazon’s worldwide consumer division, said changing state laws on marijuana mean the company will no longer include the substance in pre-employment drug tests.

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