Investor optimism over the possibility of federal cannabis legalization has contributed to a strong rally in beaten-down pot stocks.
The Alternative Harvest ETF has gained more than 10% in March, and its on pace for its best month since February 2021. The exchange-traded fund was just about flat year to date but down 50% over the past 12-months. The recent upswing in marijuana shares mirrors moves higher seen early last year on similar reform hopes.
Original author: Cannabis News