Cannabis companies rally for a second day ahead of historic vote that would lift federal ban on weed

Cannabis stocks rallied for a second day Wednesday, buoyed by a historic congressional committee vote on a bill that would lift the federal ban on weed, as well as strong gains for Curaleaf after it posted a narrower-than-expected third-quarter loss.

Curaleaf’s U.S.-listed shares CURLF, +13.27% CURA, +13.70% were last up 11.5%, as investors shrugged off its revenue miss.

The Massachusetts-based company posted a loss of $6.8 million, or a penny a share, versus losses of $33.7 million, or 9 cents a share in the year-ago period. Revenue rose to $61.8...