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The American stock exchanges are closed close to home on Monday. "The S&P 500 and Nasdaq index remain close to home as investors take some profit after the last positive week of trading," said CMC Markets market analyst David Madden. Many cannabis stocks were lower at the beginning of this week.
However, this has another reason: investors are waiting for the outcome of an American bill. This law offers weed producers and other cannabis companies protection structures in US states where weed is legalized. Cronos and Tilray decreased 5 percent and Canopy Growth and Aurora Cannabis 2 percent.
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