Nearly two weeks ago, the Biden administration gave two big announcements: Plans to pardon all prior federal marijuana possession offenses. Called on regulators to review the drug’s classification. But like every other time cannabis received positive news on legalization, pot stocks would rise — just to collapse again. The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS)…
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Investing in cannabis using ETFs as Americans favor cannabis over tobacco
Americans are now smoking more cannabis (16%) than tobacco cigarettes (11%) per a recent study — but the cannabis sector still has a long way to go: Tobacco: The world’s largest tobacco company, Philip Morris International, trades at a $150B market size with $31B in sales. Cannabis: The largest publicly traded cannabis company Curaleaf (OTC:CURLF)…
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Cannabis producers sober up to reality as flower prices collapse
The cannabis market is experiencing its first economic downturn as a legalized market. Making matters worse (for companies), flower prices continue to fall. What’s the big deal? Cannabis insiders call this a race to the bottom: Costs are rising, selling prices are decreasing, and demand has fallen. Smaller operators are losing to larger ones, dispensaries…
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Tilray jumps on empty cannabis fumes
Tilray (NASDAQ:TLRY) — the global cannabis producer reported a surprise profit in its latest earnings report — sending its stock up 3%. What’s the big deal? Cannabis stocks shot up in recent weeks after the House passed a bill to decriminalize cannabis. This is the second time the bill has passed the House. The first…
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Cannabis investors might have to wait longer for legalization
Patience is the name of the game for investors waiting for an all-clear from Uncle Sam on cannabis legalization. Cannabis stocks are down 60% since last February — while the S&P 500 is up nearly 15%. Hopes of legalization fell flat from Republican pushback and red tape. Could 2022 look different as support builds on…
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Cannabis stocks pop on new legalization attempts
What do most Americans want? Cannabis legalization — with an all-time high agreement from 60% of adults. Republican-led efforts to legalize cannabis has the industry on the move. While this isn’t an immediate path to legalization, it does have big implications… What’s the big deal? The cannabis industry has been on a downwards spiral since…
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Cannabis stocks moves up on regulatory actions
Cannabis veterans are pounding the pavement with the “generational wealth opportunity” in US cannabis stocks. But 2021 wasn’t an easy year for this sector to ride out. Compared to seeing triple-digit gains in 2020, many cannabis stocks are down 30% plus. Last Friday, it was revealed that Republicans are expected to introduce a cannabis reform…
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US cannabis stocks are undervalued but their future depends on legalization
Analysts see a “generational wealth opportunity” in cannabis stock — expecting a future of green returns — but all investors see is red. Last week, a bill to allow banks to do business with US cannabis companies made progress in the White House — giving hope to underperforming cannabis stocks. Where US investors get their…
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Cannabis stocks sees signs of life with banking regulation push
On Tuesday, the US House of Representatives approved a bill letting banks do business with cannabis companies — but whether it passes depends on the Senate. What’s the big deal? The cannabis industry did $20.3B in sales last year — which was mostly in cash. The bill passing would be a big deal for cannabis…
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GrowGeneration stock: Should you take a puff on this hydroponic company?
Out of the concrete grew a rose. No soil needed. Share prices of GrowGeneration stock, a hydroponics company, is blooming while the rest of the basic materials industry wilts. Now, the company has raised its financial guidance after another successful quarter. GrowGeneration Stock: The future of crop growth Hydroponics (gardening without soil) is gaining popularity…
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