Cannabis MSOs rise with Harris emerging as Democratic presidential front-runner

seekingalpha07-23

Most cannabis multi-state operators closed with decent gains on Monday, the day after President Joe Biden said he was no longer seeking re-election and threw his support to Vice President Kamala ...

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Jushi Holdings  was the best performing of the bunch, closing ~7.3% higher. That was followed by Cresco Labs , up ~6.4%.  Harris has been vocal in supporting the Biden administration's effort on cannabis reform, including legalization on the federal level and moving marijuana to a Schedule III substance from Schedule I. She has also called for expungement of non-violent marijuana offenses. Harris didn't always back marijuana reform. In 2010, she opposed a ballot initiative in California to legalize marijuana as San Francisco District Attorney. When the issue came up again in 2016, she was California Attorney General and didn't take a stance. In a 2019 radio interview, Harris admitted she had used marijuana before and did inhale. 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That was followed by Cresco Labs (OTCQX:CRLBF), up ~6.4%.  Harris has been vocal in supporting the Biden administration's effort on cannabis reform, including legalization on the federal level and moving marijuana to a Schedule III substance from Schedule I. She has also called for expungement of non-violent marijuana offenses. Harris didn't always back marijuana reform. In 2010, she opposed a ballot initiative in California to legalize marijuana as San Francisco District Attorney. When the issue came up again in 2016, she was California Attorney General and didn't take a stance. In a 2019 radio interview, Harris admitted she had used marijuana before and did inhale. 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