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Pot stocks gain as U.S. move to ease curbs lifts sentiment

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Department of Health and Human Services’ recommends sparks investor interest

Pot stocks tracker AdvisorShares Pure US Cannabis ETF gained 3.7% premarket. It closed 21.2% higher on Wednesday, clocking its best day since Oct. 6, 2022.

Still, some analysts said the rescheduling would not be able to address the banking or capital market access challenges for cannabis companies.

 

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