Why Curaleaf, Aurora Cannabis, and Hexo Shares Jumped Today
The news for cannabis stocks has been mixed this week, but the pendulum swung back in their favor Thursday. Shares of U.S. multi-state operator Curaleaf Holdings (OTC: CURLF) as well as Canadian growers Aurora Cannabis (NASDAQ: ACB) and Hexo (NASDAQ: HEXO) all moved higher. They gave back some ground toward the close of the session, however, but ended the trading day up by 1.6%, 6.6%, and 11.3%, respectively.
A potential new Republican-led bill in Congress to legalize -- and tax -- marijuana has been flying somewhat under the radar, but it has started to get more press this week. Last week, cannabis sector publication Marijuana Moment reported on the bill being introduced by U.S. Rep Nancy Mace (R-South Carolina). A draft of the proposed bill, called the States Reform Act, is making rounds. A final version is expected to be filed by the end of this month, according to the report.
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Source Fool.com
