High hopes - Kamala Harris pick a boost for weed stocks

Medical Marijuana

12/08/2020 14:51

** U.S.-listed shares of Aurora Cannabis Inc  ACB.TO 
 ACB.N , Aphria Inc  APHA.TO   APHA.O , Tilray Inc  TLRY.O ,
Cronos Group Inc  CRON.TO   CRON.O  and Canopy Growth Corp
 WEED.TO   CGC.N  up between 1% and 3%
    ** Biden's VP pick seen as adding to chances for reform in
drug use laws after November election
    ** Kamala Harris was lead Senate sponsor for the Marijuana
Opportunity, Reinvestment and Expungement (MORE) Act of 2019
which sought to end federal prohibition of marijuana
    ** "With Harris as his VP pick, Biden has arguably selected
the most pro-cannabis candidate out of the much speculated short
list for VP running mates" - VIII Capital analyst Graeme
Kreindler
    ** Cannabis stock tracker MJ ETF  MJ.P  has recovered 43%
since hitting its lowest point in March amid broader stock
market plunge

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @shariqrtrs))