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Pot stocks fall after report of changes coming from U.S. Attorney General

TORONTO – Canada's main stock index is barely out of the red as the health-care sector, which includes some of the biggest marijuana companies, dropped sharply. 

Cannabis stocks were pummelled after The Associated Press reported that U.S. Attorney General Jeff Sessions will rescind an Obama-era policy that generally barred federal law enforcement officials from interfering with marijuana sales in states where pot is legal.

The S&P/TSX composite index was up 0.24 of a point to 16,371.79, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 148.31 points to 25,070.99. 

The S&P 500 index was up 15.56 points to 2,728.62 and the Nasdaq composite index was up 21.79 points to 7,087.32.

The Canadian dollar was trading at 79.90 cents US, up from an average price of 79.79 cents US on Wednesday.

The February crude contract was up 13 cents to US$61.76 per barrel and the February natural gas contract down one cent to US$3.00 per mmBTU.

The February gold contract was unchanged at US$1,316.20 an ounce and the March copper contract was unchanged at US$3.24 a pound.

Source: The Canadian Press 

January 4, 2018  By The Canadian Press

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