PALM BEACH, Fla., Oct. 31, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - The remaining months of the lame-duck Congress could be shaping up to be the most wonderful time of the year for the U.S. marijuana industry, although insiders warn legislative movement isn't a sure bet, says a recent article in industry website, MJ Biz Daily. It said that: "In addition to President Joe Biden's surprise announcement about a marijuana scheduling review and MJ possession pardons as well as the likelihood of more states voting Nov. 8 to legalize adult-use cannabis, this year's lame-duck session – the stretch of post-election time before newly elected members of Congress take their seats in the new year – could bring even more positive news for the legal industry. While Democrats caution there's a long list of legislation to bring to the floor while they still control both chambers of Congress, marijuana reform is on the agenda. Democrat lawmakers and stock analysts are optimistic that long-standing issues such as cannabis banking reform and restorative justice will finally be addressed. Given the momentum, the comments made, the expectations created, and the heavy lobbying from various advocacy groups, we think Senate Democrats want to get this done," Pablo Zuanic, managing partner at New York-based investment banking firm Cantor Fitzgerald, wrote in an Oct. 3 note after Biden's announcement." Active Companies in the markets today include: SHF Holdings, Inc., (NASDAQ: SHFS), Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY), SNDL Inc. (NASDAQ: SNDL), WM Technology, Inc. (NASDAQ: MAPS), Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED).
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