Why Tilray, Aphria, OrganiGram, and Aurora Cannabis Rose Today

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Shares of marijuana stocks are rising on Wednesday after recent comments from several prominent politicians regarding reform legislation. As of 12:15 p.m. EST, shares of these Canadian growers were all higher:

Investors are bidding up shares after several Democratic senators released a joint statement on Monday signaling plans to pursue new legislation to reform regulations in the United States. Canadian growers need federal legalization in the U.S. to be able to develop business across the border. 

Image source: Getty Images.

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