Cannabis shares drop on referendum result

Fri, 30 Oct 2020

Shares of medicinal cannabis companies Cannasouth and Rua Bioscience dropped 16.7 percent and 11.8 percent respectively on a negative preliminary referendum result for the draft cannabis legalisation bill today.But while cannabis investors were selling, cannabis reform supporters still think they are in with a sniff of getting the proposed Cannabis Legalisation and Control Bill over the line – once special votes are counted. Green Party spokesperson on drug law reform Chlöe Swarbrick said it was always going to be really close,...

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