Marijuana ETF Climbs as Tilray Becomes First Canadian Company to Import Pot to U.S.
This article was originally published on ETFTrends.com.
Marijuana stocks and sector-related ETF rallied Tuesday, led by Tilray (NasdaqGS: TLRY), after the Drug Enforcement Administration gave the green light for the Canadian grower to import cannabis into the U.S. for medical research. The ETFMG Alternative Harvest ETF (NYSEArca: MJ), first U.S.-listed ETF to target the cannabis and marijuana industry, increased 7.4% Tuesday. Tilray [...]