MORE Act
Summary
The MORE Act (HR5068) is an early-stage bill to federally decriminalize cannabis. It has been referred to nine committees and has 72 cosponsors, but remains in the House with no Senate companion. The bill authorizes no direct funding and faces a long legislative path. Market impact is currently minimal.
See which stocks are affected
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
Key Takeaways
- 1.The MORE Act is in early legislative stage with no near-term market impact.
- 2.No direct funding is authorized; the bill's mechanism is regulatory decriminalization.
- 3.If passed, cannabis operators like $TLRY, $CGC, and $MSOS would benefit structurally.
Market Implications
The bill is too early-stage to drive market moves. Cannabis stocks may see speculative interest if the bill gains momentum, but currently there is no actionable catalyst. Investors should monitor committee hearings and Senate companion bill introduction.
Full Analysis
- What happened and its current status: The Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) was introduced in the House on August 29, 2025, by Rep. Nadler (D-NY) and referred to nine committees. As of January 13, 2026, it was referred to the Subcommittee on Conservation, Research, and Biotechnology. The bill is in early stage with no further action. 2) The money trail: The bill does not authorize or appropriate any direct funding. It establishes a trust fund for community reinvestment funded by an excise tax on cannabis, but no dollar amount is specified. Authorization is not appropriation; actual spending would require separate appropriations bills. 3) Structural winners and losers: If passed, the bill would benefit U.S. cannabis operators like $TLRY, , and the ETF by removing federal prohibition, enabling interstate commerce, banking access, and exchange uplisting. No tickers are negatively impacted directly. 4) Market data: No real market data provided for cannabis stocks. 5) Timeline: The bill must pass the House, Senate, and be signed by the President. With 72 cosponsors and a Democratic sponsor, but a Republican-controlled House (119th Congress), passage is highly uncertain. No Senate companion bill exists.
Intelligence Surface
Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures
No confirming evidence found yet from contracts, insider trades, or congressional activity
What the bill does
Decriminalization and descheduling of cannabis under the Controlled Substances Act, eliminating federal criminal penalties for manufacture, distribution, and possession.
Who must act
Federal law enforcement agencies (DEA, DOJ) and cannabis businesses operating in states with legal markets.
What happens
Removes federal prohibition risk for state-legal cannabis operators, enabling interstate commerce, banking access, and potential uplisting to major U.S. stock exchanges.
Stock impact
TLRY, as a leading multi-state operator with U.S. and Canadian exposure, would benefit from reduced regulatory burden, improved capital access, and potential revenue growth from expanded legal market participation.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
A bill to create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related legitimate business, and for other purposes.
A bill to decriminalize and deschedule cannabis, to provide for reinvestment in certain persons adversely impacted by the War on Drugs, to provide for expungement of certain cannabis offenses, and for other purposes.
CLIMB Act
To create protections for financial institutions that provide financial services to State-sanctioned marijuana businesses and service providers for such businesses, and for other purposes.
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
FURTHER MODIFYING THE SCOPE OF PRODUCTS OF CANADA SUBJECT TO THE ADDITIONAL DUTIES IMPOSED TO OFFSET CANADIAN DISCRIMINATION AGAINST THE COMMERCE OF THE UNITED STATES WITH RESPECT TO MOTOR VEHICLES
This proclamation modifies the list of Canadian products subject to a 50% additional ad valorem duty imposed under Section 338 of the Tariff Act of 1930, removing some products from the duty and adding others, effective October 30, 2026. The action is part of an ongoing dispute over Canada's motor vehicle tariff scheme and is intended to offset discrimination against U.S. commerce. The President directs implementation through the Harmonized Tariff Schedule and authorizes U.S. Customs and Border Protection to issue rules.
DECREASING HOUSING COSTS FOR THE AMERICAN PEOPLE
This executive order directs the Federal Housing Finance Agency to create pilot programs for automatic cancellation of mortgage insurance when borrowers have sufficient equity, and to expand a title insurance pilot to reduce costs for refinancing. It establishes a task force to promote manufactured housing by standardizing permits and reducing regulatory barriers. It also orders the Departments of Agriculture and Veterans Affairs to reduce interest rates on direct home loans.
Advancing Women's Health to Improve Outcomes in All Phases of Life
This executive order establishes a Women's Health Division within the NIH to coordinate and accelerate research on understudied women's health conditions, and creates a White House Women's Health Task Force to drive policy reforms and translation of research into clinical practice across federal agencies. It directs specific agencies to prioritize research, data collection, and translation into prevention, diagnosis, and treatment, with a focus on all life stages from infancy through aging.
Free — no credit card
Get the next market-moving signal before the news does
HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.
Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.
Free forever plan · No credit card · Unsubscribe in one click
Want the live terminal too? Create a free account →