Cannabis stocks rose Monday for the second straight day after a report by Marijuana Moment that Rep. Nancy Mace (R-S.C.) is circulating the States Reform Act as a measure to legalize cannabis on a federal level. Cantor Fitzgerald analyst Pablo Zuanic said late Friday the measure "significantly increases the probability of federal level marijuana reform" during the current term. Shares of the Cannabis ETF (THCX) rose 5%, Curaleaf jumped 10%, Trulieve advanced by 5.7%. Green Thumb Industries rallied 11% and Cresco Labs rose 7.4%.
(END) Dow Jones Newswires
November 08, 2021 14:40 ET (19:40 GMT)
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