Bulletin
Investor Alert

London Markets Open in:

Market Pulse Archives

March 25, 2022, 8:42 a.m. EDT

Cannabis stocks extend rally after report House planning to vote again on MORE Act that would legalize weed

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Canopy Growth Corp. (CGC)
  • X
    Canopy Growth Corp. (WEED)
  • X
    Aurora Cannabis Inc. (ACB)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

Cannabis stocks extended their late Thursday-rally premarket Friday, after a report that the U.S. House of Representatives is planning to vote for the second time on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act that would legalize cannabis at the federal level next week. The news was reported in a Thursday article in Marijuana Moment. The bill is one of a list that House leaders plan to take up on the House floor next week. An earlier version cleared the House last session but later stalled in what was a Republican-majority Senate. Canopy Growth Corp /zigman2/quotes/200603886/composite CGC +15.76% /zigman2/quotes/202205609/delayed CA:WEED +17.18% was up 10% premarket. The Canadian company is poised to immediately benefit from U.S. legalization as it has an option to acquire multi-state operator Acreage Holdings once the law changes. Aurora Cannabis /zigman2/quotes/210559470/composite ACB +8.00% was up 12%, Cronos Group Inc. /zigman2/quotes/202715342/delayed CA:CRON +7.37% /zigman2/quotes/206842762/composite CRON +7.26% was up 7% and Tilray Brands Inc. /zigman2/quotes/209129655/composite TLRY +6.45% was up 13.6%. The AdvisorShares Pure US Cananbis ETF /zigman2/quotes/220307682/composite MSOS -0.41% was up 3.1% and the Cannabis ETF /zigman2/quotes/213173823/composite THCX +3.62% was up 6.7%.

/zigman2/quotes/200603886/composite
US : U.S.: Nasdaq
$ 3.82
+0.52 +15.76%
Volume: 22.75M
Aug. 15, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.57 billion
Rev. per Employee
$123,950
loading...
/zigman2/quotes/202205609/delayed
CA : Canada: Toronto
$ 4.91
+0.72 +17.18%
Volume: 3.97M
Aug. 15, 2022 4:15p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.01 billion
Rev. per Employee
$156,849
loading...
/zigman2/quotes/210559470/composite
US : U.S.: Nasdaq
$ 1.89
+0.14 +8.00%
Volume: 23.62M
Aug. 15, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$395.18 million
Rev. per Employee
$102,246
loading...
/zigman2/quotes/202715342/delayed
CA : Canada: Toronto
$ 4.37
+0.30 +7.37%
Volume: 429,562
Aug. 15, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.53 billion
Rev. per Employee
$190,105
loading...
/zigman2/quotes/206842762/composite
US : U.S.: Nasdaq
$ 3.40
+0.23 +7.26%
Volume: 2.94M
Aug. 15, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.19 billion
Rev. per Employee
$150,153
loading...
/zigman2/quotes/209129655/composite
US : U.S.: Nasdaq
$ 4.29
+0.26 +6.45%
Volume: 41.28M
Aug. 15, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.16 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/220307682/composite
US : U.S.: NYSE Arca
$ 12.05
-0.05 -0.41%
Volume: 738,310
Aug. 15, 2022 4:00p
loading...
/zigman2/quotes/213173823/composite
US : U.S.: NYSE Arca
$ 4.29
+0.15 +3.62%
Volume: 38,504
Aug. 15, 2022 3:59p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.