Several marijuana stocks are on the rise after Attorney General Jeff Sessions submitted his resignation at the request of President Donald Trump. Sessions has been vehemently against legalizing marijuana and was seen by many as the only thing deterring legalization on a federal level. JEFF SESSIONS RESIGNS: In a couple of tweets, President Donald Trump said that “We are pleased to announce that Matthew Whitaker, Chief of Staff to Attorney General Jeff Sessions at the Department of Justice, will become our new Acting Attorney General of the United States. He will serve our Country well. We thank Attorney General Jeff Sessions for his service, and wish him well! A permanent replacement will be nominated at a later date.” The departure of Sessions, once one of Trump’s most vocal and earliest supporters during the 2016 campaign, has been rumored for weeks. PRICE ACTION: In afternoon trading, shares of Aurora Cannabis (ACB) and Canopy Growth (CGC) each rose over 4%, CannTrust Holdings (CNTTF) gained 2%, Cronos Group (CRON) advanced 6%, General Cannabis (CANN) rose 8.5%, India Globalization Capital (IGC) jumped 32.5% and Tilray (TLRY) is up 26%.
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