Cannabis stocks rally for second day amid Schumer remarks on legislation
Darren415/iStock via Getty Images Cannabis shares rallied for the second day in a row on Wednesday, stoked by news that Senate Majority Leader Chuck Schumer reportedly remarked on the Senate floor Tuesday that he hoped to make progress on advancing marijuana...
Why Marijuana Stocks Keep Growing Higher Tuesday
What happened It’s the Tuesday after the holiday weekend, and shares of marijuana stocks seem to have benefited greatly from the rest. Across the board, shares of cannabis companies are shooting higher. Tilray Brands (TLRY 1.70%) is tacking on a solid 4.5% gain...
Zacks Investment Ideas feature highlights: Canopy Growth, Green Thumb Industries, Tilray Brands and Innovative Industrial Properties
Today, Zacks Investment Ideas feature highlights Canopy Growth CGC, Green Thumb Industries GTBIF, Tilray Brands TLRY and Innovative Industrial Properties IIPR. Time to Get High on Pot Stocks? 3 Catalysts Perhaps the most significant disconnect between the US...
Federal Agency Gives Green Light: How Relaxed Marijuana Laws Could Boost U.S. Stocks
Yes, we’ve heard this before but our sense is that last week’s news upped the pressure on the Senate to avoid looking any more ineffectual than they already do; we expect a few more GOP SAFE co-sponsors to emerge, perhaps as early as this week. In other sector news,...
Pot stocks just notched their biggest weekly rally since March 2020 amid hopes of a lower-risk rating from the DEA
Getty Images; Insider America’s marijuana industry has felt a prolonged slump as the drug remains classified as dangerous as heroin. But pot stocks rallied last week on the news that the DEA agreed to review cannabis’s risk-rating. A lower risk level could...
CBD Stocks Creating Opportunities – Established (BCCI), (STG), (WEED), (ACRGF), (RLTR), (CBMJ), and Newcomer (VAPR) Lead the Charge
You would have to be living in isolation to have not picked up on the hottest marijuana derivative consumable and therapeutic center isolate CBD. CBD “Cannabidiol” is the non-psychoactive full spectrum derivative of the hemp and marijuana plant largely credited for the majority of the medical beneficial attributes associated with marijuana.
A closer look at the Ohio Division of Cannabis Control’s dual-use license plans for recreational marijuana
The Ohio Division of Cannabis Control has proposed allowing medical marijuana dispensaries to apply for dual-use licenses to also sell recreational marijuana. EASTLAKE, Ohio — After more than three months of recreational marijuana being legal in Ohio, it is now one...
Killeen Council hears arguments for and against fighting marijuana decriminalization lawsuits
During Tuesday’s Killeen City Council meeting, there was a spirited discussion during citizen comments about the State Attorney General’s and Bell County’s separate lawsuits against the city of Killeen over decriminalized marijuana on both sides of the issue. With...
This Cannabis ETF Is Already Up Nearly 40% in 2024: Is Now the Time to Load Up on Pot Stocks?
The stock market has been off to a great start to 2024, with the S&P 500 hitting the 5,000 mark for the first time ever. While big tech is a key reason for the index’s success, investors shouldn’t overlook another hot area of the stock market, and...
Manassas marijuana growing facility preparing to expand as cannabis marketplace bills advance
The future of a recreational marijuana marketplace in Virginia may still be up for debate, but Jushi Holdings is looking to expand as a high priority. MANASSAS, Va. — A massive marijuana growing facility in Manassas is already making plans to expand as the future of...
Time to Get High on Pot Stocks? (3 Catalysts)
Perhaps the most significant disconnect between the US government and the American people is the current federal marijuana laws. According to a recent Gallop survey, half of Americans indicate that they have tried marijuana, a new peak in the poll and a noticeable...
Michigan And Montana Marijuana Scandals, NH Sales Commission Updates And Farming Survey
Businessman Implicates Former Michigan House Speaker In Medical Marijuana Scandal West Bloomfield businessman John Dawood Dalaly, who faces up to 10 years in prison for bribing the former chairman of Michigan’s medical marijuana licensing board Rick...
Pot Stocks Rise on Call to Lower Marijuana Risk Tier
The MJ PurePlay 100 Index, which tracks cannabis stocks, jumped 13%, the most since October, on the news. Goodness Growth Holdings and Columbia Care Inc. were among the biggest gainers in the index, up 26% and 39%, respectively. Tilray Brands Inc. ended the day 11%...
August’s Top-Performing ETF Is Marijuana-Related: Relaxed Federal Cannabis Laws Coming?
The AdvisorShares Pure US Cannabis ETF (NASDAQ: MSOS) surged by more than 14% on Thursday as the whole cannabis sector experienced a boost of enthusiasm on news that the Department of Health and Human Services was officially directing the...
US regulators might change how they classify marijuana. Here’s what that would mean
Photo courtesy AP. The news lit up the world of weed: U.S. health regulators are suggesting that the federal government loosen restrictions on marijuana. Specifically, the federal Health and Human Services Department has recommended taking marijuana out of a category...
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