Cannabis stocks rally anew as Canopy and Aurora post results with Tilray still to comePosted by On

Cannabis stocks continued their post-election rally Monday, as two Canadian industry leaders, Canopy Growth Corp. and Aurora Cannabis Inc., posted earnings amid rising hopes for U.S. reform under President-elect Democrat Joe Biden.

A third, Tilray Inc.

 , is scheduled to report after the closing bell.

Further boosting sentiment, a new Gallup poll found seven in 10 Americans now support cannabis legalization, the highest-ever level of support. A full 68% of those polled said they favor legalizing for adult use, up from 66% last year.


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 the biggest cannabis company measured by market capitalization thanks to a $4 billion investment from Corona beer brewer Constellation Brands Inc
posted a narrower-than-expected loss and revenue that beat estimates.

On the company’s earnings call with analysts, Chief Executive David Klein…

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