Cannabis stocks surge as U.S. midterm electionshttps://www.marketwatch.com/story/cannabis-stocks-surge-again-after-michigan-votes-to-legalize-recreational-pot-2018-11-07 Cannabis stocks surge as U.S. midterm elections, Jeff Sessions resignation bolster hopes for a green wave
Published: Nov 7, 2018 3:24 p.m. ET Marijuana sector heads for 7th straight gain, as Jeff Session’s resignation and House’s flip to Democrats drive optimism for U.S. companies 
Shares of cannabis companies traded broadly higher Wednesday, as U.S. midterm elections are likely to usher in a green wave, with Michigan voting to legalize recreational pot and other states supporting medical marijuana likely just the beginning.
The sector got a further boost after long-time cannabis opponent Attorney General Jeff Sessions resigned “at the request” of President Trump.
The ETFMG Alternative Harvest exchange-traded fund MJ, +7.15% shot up 6.2% in late-afternoon, with 33 of 37 components trading higher, putting it on track for a seventh straight gain. The sector tracker has now run up 25% during its win streak.
The Horizons Marijuana Life Sciences ETF HMMJ, +6.82% ran up 5.3%, also headed for a seven-day win streak.
Among the most-active stocks, Aurora Cannabis Inc. ACB, +9.27% hiked up 6.4%, Canopy Growth Corp. CGC, +7.11% tacked on 6.0%, Cronos Group Inc.CRON, +8.29% surged 8.4% and Tilray Inc. TLRY, +30.18% soared 31%.
Jeff Sessions resignation, coupled with a Democrat-controlled House of Representatives, could prove a boon for the pot industry in the U.S. It was Sessions who rescinded an Obama-era policy used as protection for states that have legalized marijuana.....