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Cannabis stocks pare early gains as Canopy secures future foothold in the U.S.

Ciara Linnane
Cannabis stocks pare early gains as Canopy secures future foothold in the U.S.

Cannabis stocks rallied on Thursday before paring their gains, boosted by the news that the biggest company in the sector by market cap has bought the rights to acquire a U.S. multistate operator as soon as the federal ban on cannabis has been lifted.