According to Business Insider, Weed stocks were sliding from their post-election peaks Thursday as worries surfaced that the successor to former Attorney General Jeff Sessions could also be against legal marijuana.
Pot stocks rallied on Wednesday, with Tilray surging more than 30%, after Michigan became the 10th US state to legalize marijuana and as Jeff Sessions, a long-term opponent of legal weed, resigned as the US’s attorney general.
In January, Sessions rescinded an Obama-era policy directing states to make their own decisions on cannabis without federal input.
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Weed Stocks Slide Over Worries Of New Attorney General