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Friday was a good day in the stock market, with the S&P 500 up 1%. It was a very good day for small-cap stocks, with the Russell 2000 up 1.7%. But it was a fantastic day for a number of cannabis companies, moving sharply higher on strong volume:
What happened?
The catalyst: the Biden-Sanders Task Force
The catalyst was the release of the “Biden-Sanders Unity Task Force Recommendations,” a 110-page document laying out priorities for a presumed Biden administration. For cannabis companies, the relevant part of the recommendations runs,