What is this?

HISWAI shows you what’s connected to topics that interest you, and where to find more. HISWAI members can curate information with dashboards to gain insights, proper context and stay up to date on the latest relevant information. Sharing these discoveries with others is easy too!


Want to know more?

Cannabis stocks rally as Biden signs marijuana research bill - Seeking Alpha

< Go Back

Date: 2022-12-03 18:38:16

Tags for this article:

Article Text:

Researcher Taking a Few Cannabis Buds for Scientific Experiment

CasarsaGuru/E+ via Getty Images

  • Cannabis stocks extended recent gains to stage a rally towards the market close on Friday after President Joe Biden signed a marijuana research bill into law.
  • Notable gainers include Clever Leaves (CLVR), SNDL Inc. (SNDL), MedMen Enterprises (OTCQB:MMNFF), Canopy Growth Corporation (CGC), Tilray Brands (NASDAQ:TLRY), TerrAscend Corp. (OTCQX:TCNNF), OrganiGram Holdings (OGI), Aurora Cannabis (ACB), GrowGeneration (GRWG) and Cronos Group (CRON)
  • The bill named Medical Marijuana and Cannabidiol Research Expansion Act cleared the House in April and the Senate last month.
  • It establishes a new registration process for cannabis-related research and the production of marijuana for research and drug development.
  • Cannabis-related ETFs led by AdvisorShares Pure US Cannabis ETF (MSOS) and ETFMG Alternative Harvest ETF (MJ) have outperformed the broader market over the past five days despite sharp losses so far this year, as indicated in this graph.

Original Source: https://seekingalpha.com/news/3913664-tlry-stock-sndl-stock-lead-cannabis-stocks-higher-as-biden-signs-marijuana-law