Cannabis stocks traded up this week, aided by strong earnings reports, big M&A announcements and the reintroduction of the Marijuana Opportunity Reinvestment and Expungement Act (MORE) into Congress, after the previous year's version failed to pass the Senate.
When the federal Cannabis Act came into effect in October 2018 and Canada became the second country in the world, after Uruguay, to legalize adult-use cannabis, needless to say, the market exploded.