Onbekende schreef op 8 oktober 2020 21:40:
Shares of cannabis companies enjoyed a broad rally Thursday, amid growing hopes of federal decriminalization following comments from vice-presidential candidate Sen. Kamala Harris.
“[W]e will decriminalize marijuana, and we will expunge the records of those how have been convicted of marijuana,” Harris said in the vice-presidential debate late Wednesday.
The Cannabis ETF THCX, +7.38% shot up 5.0% in afternoon trading. It has now run up 12.6% since closing at a four-month low two weeks ago.
Among some of the ETF’s more active components, the U.S.-listed shares of Aphria Inc. APHA, 10.12% APHA, +10.75% soared 11.7%, Aurora Cannabis Inc. ACB, 12.69% ACB, 12.09% shot up 6.2%, Canopy Growth Corp. CGC, 12.11% WEED, 11.76% climbed 9.0% and Tilray Inc. TLRY, 18.54% rallied 13.7%.
Shares of Corona beer brewer Constellation Brands Inc. STZ, 1.88%, which has made a large investment in Canopy Growth, tacked on 1.4%.
The likelihood of former-Vice President Joe Biden winning the presidential election next month has increased recently, after the latest polls showed Biden widening his lead over President Trump.