Here's how Joe Biden's election win could affect the cannabis industry скачать в хорошем качестве

Here's how Joe Biden's election win could affect the cannabis industry

Emily Paxhia, managing partner at Poseidon Asset Management, joins "Squawk on the Street" to discuss her outlook for the cannabis industry. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Cannabis stocks continued their post-election rally on Friday after American voters in several states approved expanded use of marijuana. Aurora Cannabis led the way with a furious climb of more than 56% on Friday, bringing the stock’s gain since Election Day to nearly 100%. Tilray and Canopy Growth surged by roughly 23% and 11%, respectively, on Friday. Five states legalized some form of marijuana use on Tuesday, including Arizona, New Jersey and Mississippi, according to NBC News. Voters in Oregon also chose to remove jail time as a punishment for small possession of some other drugs, including cocaine. Traders may also be betting that Democratic nominee Joe Biden, who took the lead in Pennsylvania on Friday even as the presidential election remained uncalled by NBC News, would be more willing to legalize marijuana on a federal level. Biden said during the campaign that he supported decriminalization but did not endorse full legalization. The spike for pot stocks follows a dramatic decline for much of the year. Even with Friday’s jump, Aurora shares have lost more than 60% of their value this year. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV