Cannabis Stocks Surge

Cannabis Stocks Surge

Cannabis has begun to gain wider acceptance and has been legalized in a growing number of states.

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.

These charts and the opinions above are for educational and informational purposes only. Technical analysis does not guarantee full accuracy and it could be subject to revision over time. We do not have any liability regarding financial results based on the use of this information.

Cannabis Stocks Surge
germanyunited-kingdom