0921 ET - A bipartisan group of House members have reintroduced a bill that would end federal marijuana prohibition in states where it has been legalized, and be a breath of fresh air for the beleaguered cannabis industry. Two Republicans and one Democrat are taking another pass at the Strengthening the Tenth Amendment Through Entrusting States Act, or STATES Act, which would empower states, Washington D.C., U.S. territories and federally recognized tribal nations to determine their own individual approaches to cannabis. The STATES 2.0 Act's prospects in the narrowly divided House are hazy, though President Trump said on the campaign trail that he supported rescheduling cannabis' federal drug classification. Shares of AdvisorShares Pure US Cannabis ETF, a popular exchange-traded fund tracking marijuana stocks, closed Thursday up more than 10%. (dean.seal@wsj.com)
(END) Dow Jones Newswires
April 18, 2025 09:21 ET (13:21 GMT)
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