Shares of pot-selling companies grow after New Jersey outlines legalization plan


Shares of pot-selling companies popped after New Jersey politicians outlined plans to become the 11th state to allow recreational cannabis use by adults. Garden State legislators Tuesday said they are joining Democratic Gov. Phil Murphy in supporting a bill to allow recreational pot use by adults. That sent shares of cannabis companies higher, with Tilray, the Canadian pharmaceutical and cannabis company, climbing 3.1 percent.

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