Reuters: "Reddit rally in cannabis stocks stubbed out"

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Reuters: "Reddit rally in cannabis stocks stubbed out"

Excerpt from Reuters quoting DataTrek co-founder Jessica Rabe:

…. “Even with the short burst of interest in these names this week, Tilray and MJ were still far off their record highs in late 2018 when Canada legalized adult-use marijuana,” said Jessica Rabe, co-founder at DataTrek Research in New York, in response to email enquiries.

“It’s also important to remember that Canadian cannabis stocks listed on US exchanges can’t currently have operations in the US since the drug is federally illegal here. That means they won’t directly benefit from US reforms until it is declassified as a Schedule I drug,” she wrote”….

Read the full article here on Reuters!