New York's cannabis license owners light up on recreational legalization

Medmen Enterprises

31/03/2021 16:08

** Shares of pot cos that hold medical cannabis licenses in
New York rise as state is set to become the 16th U.S. state to
legalize recreational use of marijuana
    ** A bill approved on Tuesday by the state's Senate and
Assembly heads to Governor Andrew Cuomo's desk for his signature
 urn:newsml:reuters.com:*:nL4N2LO2ZD
    ** Curaleaf Holdings Inc  CURA.CD , iAnthus Capital Holdings
Inc  IAN.CD , Acreage Holdings Inc  ACRGau.CD  and Cresco Labs 
Inc  CL.CD  up between 1.5% and 4.4%
    ** Columbia Care Inc  CCHW.NLB , Green Thumb Industries Inc 
 GTII.CD , MedMen Enterprise Inc  MMEN.CD  and MedMen Enterprise
Inc  MMEN.CD  rise between 6.1% and 13%
    ** Last week Gov. Cuomo said he wants to get cannabis
legalized by the time the state's budget is passed; budget due
April 1  urn:newsml:reuters.com:*:nL4N2LN3K5
    ** AdvisorShares Pure US Cannabis ETF  MSOS.N , which tracks
U.S. multistate operators, up ~5%

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))