Cannabis Shares Hit Session Highs After Cuomo Promises N.Y.

(Bloomberg) — Cannabis companies rallied on Thursday, reversing a slump the day before, on renewed optimism over the lifting of restrictions on marijuana sales in five states this week.Stocks moves gathered steam in the afternoon session after New York State’s governor Andrew Cuomo told a local radio station that New York State would look to legalize recreational pot next year. The nation’s fourth most populous state was on track to legalize this year before Cuomo scuttled plans in March.Aurora Cannabis Inc., Tilray Inc. and Aphria Inc. led the advance, with double-digit gains. Aurora’s stock rose as much as 40%, while …read more

Source:: Yahoo Finance

      

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