What occurred

Marijuana stocks are getting into 2021 on a excessive observe, with shares of Aurora Cannabis (NYSE:ACB) main the pack 12.5% larger as of 10:40 a.m. EST, Canopy Growth (NASDAQ:CGC) not far behind with a 7.5% acquire, and Aphria (NASDAQ:APHA) up 5.2%.

So what

There’s no particular new information behind the momentum, however 2020 was a giant 12 months for the legal marijuana industry, with Arizona, Montana, New Jersey, and South Dakota all voting to legalize leisure marijuana use of their respective states by poll initiatives. Mississippi voted to allow medical marijuana use and, based on a tally by CNN, which means that leisure use will quickly be authorized throughout 15 states, and medical marijuana in 36 states (as soon as “regulatory structures” have been set as much as allow this in the respective states.) 

This shall be the job of state legislatures in the newly “legal” states this 12 months. Meanwhile, at the federal stage, the U.S. House of Representatives voted 228-164 final month to decriminalize hashish nationwide. 

Marijuana plants

Image supply: Getty Images.

Now what

With voters in Georgia set to carry runoff elections for 2 Senate seats on Tuesday, management of the U.S. Senate additionally stays up for grabs — holding the…

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What occurred

Marijuana stocks are getting into 2021 on a excessive observe, with shares of Aurora Cannabis (NYSE:ACB) main the pack 12.5% larger as of 10:40 a.m. EST, Canopy Growth (NASDAQ:CGC) not far behind with a 7.5% acquire, and Aphria (NASDAQ:APHA) up 5.2%.

So what

There’s no particular new information behind the momentum, however 2020 was a giant 12 months for the legal marijuana industry, with Arizona, Montana, New Jersey, and South Dakota all voting to legalize leisure marijuana use of their respective states by poll initiatives. Mississippi voted to allow medical marijuana use and, based on a tally by CNN, which means that leisure use will quickly be authorized throughout 15 states, and medical marijuana in 36 states (as soon as “regulatory structures” have been set as much as allow this in the respective states.) 

This shall be the job of state legislatures in the newly “legal” states this 12 months. Meanwhile, at the federal stage, the U.S. House of Representatives voted 228-164 final month to decriminalize hashish nationwide. 

Marijuana plants

Image supply: Getty Images.

Now what

With voters in Georgia set to carry runoff elections for 2 Senate seats on Tuesday, management of the U.S. Senate additionally stays up for grabs — holding the…

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