TLRY - Tilray Canopy higher for second straight session as analysts react to marijuana bill

Cannabis names Tilray (NASDAQ:TLRY +22.4%), Aurora Cannabis (NASDAQ:ACB +10.4%), Sundial Growers (NASDAQ:SNDL +8.5%) and Canopy Growth (NASDAQ:CGC +9.9%) have bounced back for the second straight session as Wall Street reacts to an upcoming bill aimed at legalizing marijuana in the U.S. Pot stocks led by Canadian Licensed Producers closed sharply higher on the news that the House will consider Marijuana Opportunity, Reinvestment and Expungement (MORE) Act next week. The bill sponsored by House Judiciary Committee Chairman Jerrold Nadler (D-NY) aims to remove cannabis from the list of federally controlled substances, among its other objectives. However, the analysts are not upbeat about its future. A previous version of the bill cleared the House floor in December 2020 but stalled in the then-Republican controlled Senate. “We expect the MORE Act to clear the House once again, but we view it primarily as a messaging bill as it has no viable path to

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Tilray, Canopy higher for second straight session as analysts react to marijuana bill