Cannabis stocks surge again after Michigan votes to legalize recreational pot

Cannabis stocks surge again after Michigan votes to legalize recreational pot – RICH TV LIVE – November 7, 2018 – Shares of cannabis companies traded broadly higher Wednesday, as U.S. midterm elections helped usher in a green wave, with Michigan voting to legalize recreational pot and other states supporting medical marijuana.

The ETFMG Alternative Harvest exchange-traded fund MJ, +1.28% jumped 1.1%, with 31 of 37 components trading higher, putting it on track for a seventh straight gain. The sector tracker has now run up 18% during its win streak.

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