- Attorney General Jeff Sessions, a longtime opponent of legal marijuana, resigned Wednesday as attorney general.
- The cannabis producer
- In the
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The cannabis producer Tilray is going bananas after Jeff Sessions resigns as attorney general (TLRY)
Tilray exploded 30% on Wednesday after Attorney General Jeff Sessions, a longtime opponent of legal marijuana, resigned as attorney general.
The cannabis producer Tilray exploded higher Wednesday, up as much as 30%after
"At your request, I am submitting my resignation," Sessions said in his resignation letter, adding that it came at the request of President Donald Trump.
In January, Sessions rescinded an Obama-era policy directing the Justice Department to keep its hands off of state-legal cannabis. The Justice Department's new guidance leaves it up to federal prosecutors to decide how aggressively to pursue cannabis.
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On Tuesday, Michigan became the 10th US state, along with Washington DC, to legalize marijuana
In August, Constellation Brands, the maker of Corona beer and Svedka vodka, announced a$4 billion investment in Canopy Growth.
And last month,Canada became the second country to legalize marijuanafor recreational use,putting a top in shares. But the future remains bright for the sector.
Now read:
- Weed stocks are rallying after Michigan legalizes marijuana for recreational use
- ANALYST: These are the next 4 states to legalize marijuana
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