Former NBA star presses lawmakers for Black equity in marijuana industry Marquise Francis
Senate Majority Leader Chuck Schumer and Sen. Cory Booker and Sen. Ron Wyden announced this week that they are working to advance comprehensive marijuana reform legislation.
“The War on Drugs has been a war on people particularly people of color,” the senators said in a joint statement on Monday. “Ending the federal marijuana prohibition is necessary to right the wrongs of this failed war and end decades of harm inflicted on communities of color across the country.”
“But that alone is not enough,” the statement continued. “As states continue to legalize marijuana, we must also enact measures that will lift up people who were unfairly targeted in the War on Drugs.”
SNDL Stock: Reddit Senses a 10x Stock
The future for Sundial hasn’t always looked so bright. As late as November last year, SNDL stock hovered 14 cents as the company teetered on bankruptcy.
Not all of this was Sundial’s fault. For years, U.S. legislators had teased the possibility of marijuana decriminalization. But as legislative delays mounted, growers saw their expansion plans produce more cannabis with nowhere to go. By the fourth quarter, Canadian oversupply was so severe that Sundial saw its wholesale prices for cannabis sink from $1.73 per gram to just 66 cents.
But then Reddit users sensed a shift. With Democrats taking control of both the U.S. House and Senate, America might finally see marijuana reform bills pass. And that would send Sundial’s stock skyrocketing.
U.S. Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell have reached a power-sharing resolution for running a 50-50 upper chamber, allowing Democrats to take control of powerful Senate committees, local media reported on Tuesday.
I am happy to report . that the leadership of both parties have finalized the organizing resolution for the Senate, Schumer announced from the Senate floor.
The resolution is expected to largely mirror a 2001 agreement, the last time the Senate was evenly split, when bills and nominations were sent to the floor even when there were tie votes at the committee level, said a The Hill report.
The Euro to US Dollar exchange rate fell today, with the pairing currently fluctuating around $1.19.
The Euro struggled today as confident in the Eurozone’s economy has dipped as concerns continue to grow over Europe’s slow Covid-19 vaccine rollout.
Added to this, EUR investors are increasingly worried about the Eurozone entering a double-dip contraction this year.
Christoph Weil, economist at Commerzbank, commented:
‘In the first quarter of 2021, the decline is likely to be somewhat steeper. However, there will not be a slump like the one in the first half of 2020. Instead, a noticeable recovery is likely to set in again from the spring.’