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Cantor Fitzgerald Has Some Suggestions On How Schumer's Federal Marijuana Legalization Bill Can Achieve Sufficient Senate Approval For Passage

markets.businessinsider.com July 21, 2021
Cantor Fitzgerald Has Some Suggestions On How Schumer's Federal Marijuana Legalization Bill Can Achieve Sufficient Senate Approval For Passage

Details of the Cannabis Administration and Opportunity Act (CAOA) draft bill, were released last Wednesday morning. Then, around the mid-day, the bill's sponsors, Senate Majority Leader Chuck Schumer (D-N.Y.) and Sens. Cory Booker (D-N.J.), and Ron Wyden (D-Ore.) held a press conference.

Unexpectedly, marijuana stocks fell on the big news and Cantor Fitzgerald’s Pablo Zuanic proposed a few possible reasons for this reaction. 


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