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Why Sundial Stock Soared Today

TheMotleyFool

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Shares of Sundial Growers (NASDAQ: SNDL) continued their recent ascent on Thursday. As of 1:50 p.m. EST, the popular marijuana stock's price was up 10% after rising as much as 22% earlier in the day.

Sundial's stock has received a boost in recent days following Georgia's Senate runoff elections. With the Democrats picking up two seats, they will now have effective control over both the House and the Senate. That, in turn, will give President-elect Joe Biden more support for his policies, which include marijuana reform.

Sundial Grower's stock rose sharply along with other marijuana stocks on Thursday following U.S. Senate elections. Image source: Getty Images.

Source Fool.com

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