Cannabis stocks rally after DOJ proposal to reclassify marijuana

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U.S. Department Of Justice,Cannabis Stocks,Advisorshares Pure US Cannabis ETF

Cannabis stocks including Tilray, Curaleaf, and the AdvisorShares Pure US Cannabis ETF rallied on Thursday after the U.S. Department of Justice unveiled a...

NEW YORK - Cannabis stocks including Tilray, Curaleaf, and the AdvisorShares Pure US Cannabis ETF rallied on Thursday after the U.S. Department of Justice unveiled a historic proposal to ease restrictions on marijuana.

Shares of Tilray were up nearly 4% in afternoon trading, though it remained nearly 7% down for the year to date. Shares of Curaleaf were up nearly 0.4%, putting them up nearly 42% for the year to date. The AdvisorShares Pure US Cannabis ETF was up 1.8% and is up 40% for the year to date.Despite the year's gains, several cannabis-related stocks remain far below their 5-year highs.

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