Why Cannabis Stocks Are Surging To Close The Week: The Coronavirus Confusion

Cannabis stocks have been on a steady rise since Thursday morning, with all major U.S. traded ETFs, the ETFMG Alternative Harvest ETF (NYSE: MJ), the AdvisorShares Pure Cannabis ETF (NYSE: YOLO), the Cannabis ETF (NYSE: THCX), and the Amplify Seymour Cannabis ETF (NYSE: CNBS), up by double digits.

Interestingly enough, the main driver of this rally was an item reported by the New York Post on Thursday on information had been out for several days — Benzinga reported on it last week.

Certain strains of cannabis could help block ACE2 gateways, which the coronavirus uses to enter the human body, according to …

Full story available on Benzinga.com

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