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)…

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)…

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…

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…

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…

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…

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…