Marijuana stock jumps on Sessions resignation
Shares of the medical marijuana company Tilray surged after Jeff Sessions resigned as attorney general.
- Tilray stock was already climbing as part of a broader market rally and some pro-weed results on state ballot initiatives, but really took off after the mid-afternoon announcement.
The bottom line: Sessions was viewed as particularly antagonistic toward legalized marijuana, for either medicinal or recreational use. Acting AG Matthew Whitaker does not appear to have made many public comments on the matter, outside of a 2009 resignation letter in which he cited his success in reducing the availability of marijuana and other drugs.