Cannabis stocks registered substantial gains, following news of possible legalization of marijuana at the federal level next week. The U.S. House of Representatives is likely to vote for the second time on the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act headed by House Judiciary Committee Chairman, Jerrold Nadler (D-NY).  Notably, the MORE Act previously passed the House in December 2020 but was obstructed in the Senate.  Among other cannabis stocks, shares of Tilray Brands, Inc. (TLRY), the global pharmaceutical, cannabis-lifestyle, and consumer packaged goods company, climbed 17.8% during Thursday’s extended trading session, after closing almost 22% higher on the day.
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