COPHF stock jumped 92.61% due to US house passes marijuana legalisation bill, page-4

LoL Yeah feenix is exactly right here, your basing this huge upmove on volume of 20 k shares, thats a value traded of less than $1500 USD. If you think that CPH on the ASX is going to move anywhere near that amount based on a $2000 trade you really need to be educated into how markets work.

Friday night saw: U.S. House Of Representatives Passes Federal Cannabis Legalization Bill MORE Act - Forbes

https://www.forbes.com/sites/willya...s-legalization-bill-more-act/?sh=617650f866d7

The good is probably the industry thats starved of good news, gets some finally, a little spotlight and more interest on it. Maybe a short pump. The biggest jump Cannabis ETFs, and ASX cannabis had was when democrate won the senate, thinking that the MORE Act would be able to get passed easily, but was more political than initally thought.

The more I look into it though the SAFE act has more likelyhood of getting through in the US in the next year, and also is more relevant to cannabis stocks, as it doesnt have any of the social / ethical implication in the Act like MORE act does (a lot of headaches releasing prisoners, etc), its more just about banking for companies involved in the sector, which is the big issue now for cannabis companies in USA.

Basically I think this news should pump a little, but wont be sustained long term , but SAFE act is the real one to keep an eye on that will fundamentally lead to long term price re-rates.