Shares of cannabis companies enjoyed a broad rally Thursday, amid growing hopes of federal decriminalization following comments from vice-presidential candidate Sen. Kamala Harris.
“[W]e will decriminalize marijuana, and we will expunge the records of those how have been convicted of marijuana,” Harris said in the vice-presidential debate late Wednesday.
The Cannabis ETF THCX,
Among some of the ETF’s more active components, the U.S.-listed shares of Aphria Inc. APHA,
Shares of Corona beer brewer Constellation Brands Inc. STZ,
The likelihood of former-Vice President Joe Biden winning the presidential election next month has increased recently, after the latest polls showed Biden widening his lead over President Trump.
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Elsewhere, shares of Cronos Group Inc. CRON,
The Cannabis ETF has tumbled 28.6% year to date, while the S&P 500 index SPX,