Cannabis firms gain as Pennsylvania Governor calls for pot legalization

Green Thumb Industries

06/02/2024 20:35

** Pot firms rise as Pennsylvania Governor Josh Shapiro
calls on lawmakers to legalize adult-use marijuana during his
annual budget address
    ** "This call for change signals continued progress in the
Northeast toward ending Prohibition 2.0 and the devastating
impact it has inflicted on communities" - Green Thumb Industries
CEO Ben Kovler
    ** Shares of Canadian firms Cresco Labs  CL.CD , Green Thumb
Industries  GTII.CD , Trulieve Cannabis  TRUL.CD , and Curaleaf
Holdings  CURA.TO  gain between 1.6% and 6%
    ** Canopy Growth  WEED.TO , Aurora Cannabis  ACB.TO , Cronos
Group  CRON.TO  and Tilray Brands  TLRY.O  rise between 1.8% and
8%
    ** Shares of OrganiGram Holdings  OGI.TO  soar as much as
18.1%
    ** If passed, Pennsylvania will become the 25th U.S. state
to legalize cannabis for recreational use
    ** Nearly 40 U.S. states have legalized marijuana use in
some form, but it remains completely illegal in some states and
at the federal level

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))