Cannabis shares rose in pre-negotiation on Wednesday, with Democrats hoping to take over the Senate after Associated Press, according to the Associated Press, won one of two Senate run-offs in Georgia early Wednesday, giving Democrats a seat closer to a Senate majority. bring. With 97% of the expected total vote, Democratic challenger Jon Ossoff was leading Republican Senator David Perdue by just 0.22 percentage points, according to data compiled by the Associated Press. Democrats are expected to pursue a more cannabis reform agenda under President-elect Joe Biden and under-elected Vice President Kamala Harris, who have been more supportive of opening up the banking sector and other needed services to the industry, hampered by the burdensome regulatory hurdle . background that allowed the black market to continue to flourish. ‘We speculate that Pres. Biden could have done for the reform of cannabis via executive order (or according to guidelines / ‘memos’ of his future attorney general) and whether the Senate would have had a vote on the SAFE law (bank reform). would even have taken a vote in a new world, in which the question is more about the timing and scope of a much broader reform for the marijuana industry, ‘Pablo Zuanic, analyst at Cantor Fitzgerald, said in a note. customers written. The ETFMG Alternative Harvest ETF MJ,
was about 7% pre-market, while the Cannabis ETF THCX,
increased by 1.1%. Among the individual shares are the U.S. listed shares of Aurora Cannabis Inc. ACB,
ACB,
most share in the Robinhood trading program increased by 15%. Tilray Inc. TLRY,
increased by 15.4%, Canopy Growth Corp. see CGC,
[c: ca:weed] increased by 8% and Cronos Group Inc. CRON,
increased by 10%. The Cannabis ETF has risen 63% over the past three months, while the S&P 500 SPX,
achieved 11%.
