Sundial Growers Inc. (SNDL) stock jumped over 30 percent in pre-market to reach over $0.95 price and saw over 96 percent gain yesterday trading session. After cannabis stocks began their post-election rally from the ashes yesterday, SNDL saw support ahead of votes this week on decriminalization in the U.S.
The House reported a planned vote Wednesday last week on the Marijuana Incentive Reinvestment and Expungement Act just after markets closed last week on Black Friday. The bill will decriminalize marijuana at the federal level and make other changes, known by the acronym more, but it is unlikely to become law anytime because the united state senate did not display a desire to move on it.
