Shares of major marijuana stocks rise Friday after the House said it would consider a bill to decriminalize cannabis. But the enthusiasm may be unwarranted, analysts warn. Read More...
Reuters
Toronto market ends slightly higher as cannabis shares jump
The Toronto Stock Exchange’s S&P/TSX composite index ended up 5.71 points, or 0.03%, at 21,937.89. The healthcare sector, which includes cannabis producers, rose 6.8% after news that the U.S. House of Representatives is preparing to vote on federal legalization of marijuana. “Crude prices are declining as energy traders expect that after all the EU leader, NATO, and G7 meetings, Russian energy will not be sanctioned anytime soon,” Edward Moya, a senior market analyst at OANDA, said in a note.
