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Source: gvictoria / Shutterstock.comCannabis stocks are in the news Monday as investors hold out hope for lawmakers to push through new marijuana laws.
The latest reports claim that a group of senators intend to attach new policies surrounding marijuana to bills that need to pass by the end of the year. This could pave the way for new marijuana laws on a federal level.
Interest in passing new marijuana laws is a bipartisan one. Senators on both sides of the aisle support the changes that could come. Among those are granting cannabis companies access to banking institutions, as well as grants for states expunging criminals with prior marijuana convictions.
If these new marijuana rules become law, it could mark a major win for cannabis stocks. It would also put them one step closer to the legalization of the drug on a federal level. Let’s see how that’s affecting pot stocks below!
Cannabis Stocks Up on Monday
- Tilray (NASDAQ:TLRY) stock starts out list with the cannabis company’s shares climbing 5.6% higher as of Monday afternoon.
- Canopy Growth (NASDAQ:CGC) shares take the next spot on our list with the marijuana company’s stock gaining 4.3% as of this writing.
- SNDL (NASDAQ:SNDL) stock closes out our list as the pot company’s stock increases 1.6% this afternoon.
Investors looking for more of the most recent stock market news will want to stick around!
InvestorPlace has all of the latest stock coverage traders need to know about on Monday! That includes what has shares of Bed Bath & Beyond (NASDAQ:BBBY), Top Ships (NASDAQ:TOPS), and Clovis Oncology (NASDAQ:CLVS) stock today. You can read that news at the links below!
More Monday Stock Market News
- Why Is Bed Bath & Beyond (BBBY) Stock Down 75% in 2022?
- Why Is Top Ships (TOPS) Stock Down 59% Today?
- Dear CLVS Stock Fans, Get Ready for a Bankruptcy Filing
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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