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by Stockwatch Business Reporter

The S&P/TSX Cannabis Index added 4.11 to 167.89, while the CSE Composite Index added 5.38 to 714.25. Cannabis market watchers are keeping their eyes trained south of the border on the Senate run-off elections today in Georgia. Although cannabis is not on the ballot (unlike the November presidential election, which saw five states vote on and approve cannabis initiatives), the race is seen as pivotal for the industry.

With two seats up for grabs, control of the Senate hangs in the balance. The Senate is currently held by Republicans, who have hindered the cannabis reform efforts of the Democrat-controlled House. If the Democrats can unseat their Republican opponents today in Georgia and gain the two seats -- they need both, not just one -- then control of the Senate would flip, setting the stage for a significant easing of restrictions across the entire U.S. cannabis industry. Pre-election polls indicate that the race will be close but the Democrats have a slight edge. Several U.S. MSOs (multistate operators) seemed optimistic, such as Charlotte's Web Holdings Inc. (CWEB), up 49 cents to $5.19, Acreage Holdings Inc. (ACRG.A), up 16 cents to $3.35, and Curaleaf Inc. (CURA), up 41 cents to $16.81.

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