Investing.com investing.com 12 Jan, 2021 14:30 am

Canadian Cannabis Companies Pop As U.S. Senate Welcomes Democrats From Georgia

Canadian Cannabis Companies Pop As U.S. Senate Welcomes Democrats From Georgia
Stocks Analysis by Investing.com (Brenda O'Farrell/Investing.com) covering: Constellation Brands Inc Class A, NASDAQ Composite, Canopy Growth Corp, Aphria Inc. Read Investing.com (Brenda O'Farrell/Investing.com)'s latest article on Investing.com

As of yesterday’s close, shares were up almost 31% compared to the previous Monday’s open.By yesterday’s close at $12.Traded in both Canada and on the NASDAQ , shares last week climbed at a head-turning clip, gaining almost 31% between the start of trading last week and yesterday’s close.The decision would allow the Empire State to cash in on the lucrative tax revenue generated by legal pot, a revenue source that neighbouring states, like New Jersey, have seen climb in recent years.

Cuomo said Monday that he expected marijuana tax revenue to hit $300 million a year.It is poised to make inroads into the US, including in the adult beverage market.

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