U.S. cannabis stocks rise in early trading on midterm election results

Stocks of U.S.-listed marijuana companies mostly rose Wednesday morning following the 2022 midterm elections, despite mixed results in the five states where voters filed. Voters in Maryland joined those in Missouri in approving the state's adult-use market for marijuana, but recreational legalization initiatives in Arkansas, North Dakota and South Dakota failed. The election results appear to have encouraged marijuana investors, with U.S. marijuana stocks in the green in early trading. the AdvisorShares Pure US Canabis ETF (MSOS) rose more than 3 percent Wednesday morning, before gains were partially retreated. Shares of a number of U.S. state cannabis companies also rose Wednesday morning on the Canadian Securities Exchange, including: Ascend Wellness Holdings (AAWH.U), Ayr Wellness (Ayr.A), Columbia Care (CCHW), Cresco Labs (CL), Curaleaf Holdings ( CURA), Green Thumb Industries (GTII), etc.

Information source: new.qq.com/omn/author/8713560