Marijuana stocks soar after Jeff Sessions resigns

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Pot stocks were stoked on the news Attorney General Jeff Sessions was fired Wednesday.

Shares of Canadian cannabis grower Tilray jumped 34 percent to close at $139.60 as marijuana tracking funds in the US jumped 9 percent in late trading to new highs on the news that the Trump administration’s major opponent of legalizing marijuana was no longer in the picture.

Sessions in January rescinded an earlier policy that allowed states to determine cannabis legalization without interference from the federal government.

Pot stocks also moved on Michigan becoming the 10th state to legalize recreational pot by approving an Election Day referendum.

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