The Presidential Daily Brief


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    Marijuana Stocks Soar After Jeff Sessions Resigns

    Following the resignation of the staunch anti-marijuana advocate — and Michigan’s vote to legalize recreational pot use — cannabis stocks enjoyed a significant boost yesterday. Exchange-traded funds tracking marijuana stocks, like Horizons Marijuana Life Sciences Index ETF and Alternative Harvest Marijuana ETF, were up by 9.1 percent and 7.9 percent, respectively, while Canadian cannabis company Tilray jumped 34 percent. Analysts believe the departure of Sessions, who once told a Senate hearing “good people don’t smoke marijuana,” could provide the Trump administration an opportunity to be “more cannabis oriented.”

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