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Cannabis Watch: Marijuana stocks rally toward longest win streak in 6 weeks

Shares of cannabis companies were broadly higher on Thursday, putting the sector on track for a third-straight gain, something it hasn’t been able to do in six weeks.

The ETFMG Alternative Harvest exchange-traded fund MJ, +1.95% rose 2.2% in afternoon trade, with 29 of 37 components trading higher. The last time the ETF rose for three straight days was the 5-session win streak ending Sept. 20.

The Horizons Marijuana Life Sciences ETF HMMJ, +0.59% hiked up 1.6%, as 34 of the 48 components traded higher. The ETF had surged 8.8% over the past two sessions.

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