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News broke on Friday that the US Federal Government would not interfere with state regulation of legal marijuana, driving global marijuana stocks up between 6%-15% for the day and 13% for the week.
Marijuana equities have been one of the greatest gifts for short sellers: skittish retail investors coupled with valuations only a Tesla fanboy could justify.
Global marijuana stocks are having a rough week are are now down 6% since the second reading of the marijuana bill in the Canadian Senate compared to the TSX and S&P.
