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by Stockwatch Business Reporter

The S&P/TSX Cannabis Index added 4.43 to 44.86, while the CSE Composite Index added 5.04 to 284.84. South of the border, a U.S. Senate subcommittee has scheduled a hearing for next week on federal cannabis reform. The timing comes amid rumours that Senate Majority Leader Chuck Schumer and senators Cory Booker and Ron Wyden will soon file their comprehensive Cannabis Administration and Opportunity Act (CAOA). As Mr. Booker is the chairman of the above subcommittee, reform advocates are taking the hearing as a sign that the CAOA is only days away.

As first reported on the Marijuana Moment website, the Senate Judiciary Subcommittee on Criminal Justice and Counterterrorism, chaired by Mr. Booker, has scheduled a hearing for Tuesday, July 26, on "Decriminalizing Cannabis at the Federal Level: Necessary Steps to Address Past Harms." The subcommittee's website does not provide an agenda or any other details. Naturally, this sent rumour mills whirling into action. The general speculation is that the hearing will serve as a temperature check on the CAOA, which Mr. Booker and his fellow sponsors will have filed beforehand.

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