May 25, 2020
Cannabis Stocks Surge
The purposes are various recreational, medicinal, and other uses. Shares of cannabis-related stocks surged recently following a report suggesting that some types of medical marijuana could be used to fight coronavirus infections.
The moves came after a report that said a group of Canadian researchers has found several species of cannabis that appear to limit the coronavirus. In addition, Aurora Cannabis announced that it will enter the United States market soon. Shares of cannabis companies reacted to this mews and surged from their lowest close. Tilray rose 300%, Canopy Growth jumped +106% and Aurora Cannabis closed+185%.
This might be the start of an uptrend in the cannabis stocks after they suffered heavy losses in the past year and a half.
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