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Trulieve Stock Soars on Record Q3 Results & Expansion
Trulieve Cannabis Corp (CNSX:TRUL, OTCMKTS:TCNNF) continues to be top-of-the-line U.S. pot shares. TCNNF inventory is up 132% year-over-year, 156% year-to-date, and 25% since the uselection.
The S&P 500, in the meantime, is up roughly 18% year-over-year and 14% year-to-date. ETFMG Alternative Harvest ETF (NYSE:MJ), the world’s largest hashish exchange-traded fund (ETF), is down one p.c year-over-year and 7 p.c year-to-date. That mentioned, it’s up a whopping 43% for the reason that November election.
Cannabis shares have rallied since President-elect Joe Biden gained the election. Not solely have many Democrats mentioned they need to legalize or decriminalize marijuana, all 5 states that had hashish legalization initiatives on their ballots (Arizona, Montana, New Jersey Mississippi, and South Dakota) noticed these initiatives go. Other states, like New York, are anticipated to comply with swimsuit in 2021.
On high of that, an more and more bigger a part of the U.S. inhabitants, 68%, is in favor of legalizing medical and leisure marijuana. That’s the very best proportion on file.
Furthermore, on December 4, the House handed sweeping laws that will decriminalize marijuana and erase nonviolent marijuana-related convictions. The…