November 7, 2018 / 1:23 PM / a year ago

BUZZ-Weed stocks: Lighting up as some U.S. states greenlight marijuana use

** Shares of cannabis companies rose premarket after victories in U.S. ballots to legalize marijuana use

** Tilray, Cronos Group , Aurora Cannabis and Canopy Growth up between 2.1 pct and 5.7 pct

** Michigan becomes 10th U.S. state to legalize recreational marijuana, while North Dakotan voters looked set to block it

** Voters in Missouri and Utah looked set to approve medical marijuana

** Tilray, Cronos and Canopy Growth had risen in each of the past six sessions heading into Tuesday’s voting, while Aurora Cannabis had only one down day in that period

** Weed stocks back on the rise after a rare down month in October, in which the four stocks retreated between 23-34 pct

** TLRY has surged nearly 380 pct since mid-July debut, while WEED has jumped 66.5 pct, CRON ~33 pct and ACB ~31 pct (Reporting by Savio D’Souza)

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