Why the Cannabis Sector Rallied Last Week
Last week, lawmakers in Canada approved Bill C-45, which legalizes cannabis in Canada, with a 52–29 vote. This approval was anticipated, and cannabis stocks rallied last week. The Horizons Marijuana Life Sciences ETF (HMMJ) rose about 7% between the closing on June 15 and the closing on June 22. Let’s look at how other stocks reacted in this period.