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September 21, 2018

Marijuana stocks are flying high on Wall St.

  • The value of one company, British Columbia-based Tilray, has jumped tenfold since its IPO just two months ago.
    • By MARLEY JAY
    AP Markets Writer

    NEW YORK — Reefer Madness has gripped Wall Street.

    Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill.


     
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