Several cannabis stocks are well off their lows for the day and trending higher Wednesday afternoon. Here’s a look at what’s going on.
What To Know: Wednesday marks the final day of Benzinga's Cannabis Capital Conference in Hollywood, Florida.
On Tuesday, cannabis stocks fell in early trading before rebounding and trending higher in the afternoon. Some of the upward momentum may have been a result of executive commentary from the Benzinga conference.
Check This Out: Ric Flair Will Visit California Dispensary On 4/20 For Debut Of His Cannabis Brand, But First Meet Him At The Benzinga Conference In Florida
“Section 10 of the original legislation would have compromised law enforcement and national security by requiring banks to notify customers when the government requested termination of an account. In essence, the original language meant that serious criminals could be tipped off that they are under investigation,” Reed reportedly said.
"Fortunately, through a bipartisan committee process, we worked to address major flaws in Section 10 and curbed its negative effects. Do you agree that such a policy would handcuff law enforcement and the intelligence community if the bank had to disclose that their account has been terminated by law enforcement?"
Here’s a look at the price action across the cannabis sector Wednesday afternoon:
- Canopy Growth Corp (NASDAQ:CGC)
- Curaleaf Hldgs Inc (OTCQX:CURLF)
- Trulieve Cannabis Corp (OTCQX:TCNNF)
- Tilray Brands Inc (NASDAQ:TLRY)
- SNDL Inc (NASDAQ:SNDL)
- Green Thumb Industries Inc (OTCQX:GTBIF)
- AdvisorShares Pure US Cannabis ETF (NYSE:MSOS)
- AdvisorShares Pure Cannabis ETF (NYSE:YOLO)
Photo: 7raysmarketing from Pixabay.
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