Why Sundial Growers Stock Surged Today

Joe Tenebruso, The Motley Fool
·2-min read
Why Sundial Growers Stock Surged Today

Shares of Sundial Growers (NASDAQ: SNDL) jumped 11% Monday as potentially game-changing marijuana legislation took an important step forward. The bill seeks to allow banks and other financial service providers to legally serve cannabis companies. Many banks have declined to work with even state-licensed marijuana producers for fear of running afoul of federal law.