Marijuana Shares Rise With Release of Recreational Use Recommendations

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Marijuana Shares Rise With Release of Recreational Use Recommendations

Pixabay / geralt / CC0 Public Domain

Publicly traded stocks of Canadian marijuana companies headed higher Tuesday after a federal task force issued recommendations on the sale of recreational pot.

On the TSX, shares of Canada’s largest producer, Canopy Growth — the first pot company with a market capitalization above $1 billion — rose 79 cents, or 7.9 per cent, to close at $10.79, its high for the day.

Among the smaller companies, Emerald Health Therapeutics shares rose 15 cents, or 12 per cent, to reach $1.40 on the TSX Venture Exchange.

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