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November 30, 2020

Cannabis riding high on new rules

LOS ANGELES (AP) — Cannabis stocks are flying high after voters in New Jersey, Arizona and three other states cleared the way for expanding legal sales of marijuana.

Shares in some of the biggest cannabis companies, including Aurora Cannabis, Canopy Growth and Cresco Labs, are up between 24% and 75% so far this month. By comparison, the benchmark S&P 500 index is up 11%.


 
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