Cannabis stocks on watch as legalization makes progress

A draft of the long-awaited Cannabis Administration and Opportunity Act is being released today — which could light up cannabis stocks. What’s the big deal? US Federal legalization of cannabis is on the horizon — and this is one move you won’t want to miss out on. With Biden in office and the Democrats controlling…

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Cannabis stocks are lit — and the industry is looking to go higher with legalization

Everyone’s getting ready for US legalization of cannabis, including Ernie. On Feb. 9, two big announcements in the cannabis industry sent pot stocks higher: Tilray ($TLRY) announced a deal to supply medical cannabis in the UK — shares up 40%. Canopy Growth ($CGC) reported stronger than expected earnings and expects — shares up 13%. Go…

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Aphria acquires Tilray — transforming the cannabis industry overnight

One combined joint is better than two — at least that’s how two of the largest cannabis companies, Aphria and Tilray, see it. On Dec. 16, Aphria agreed to acquire Tilray for a 23% premium — becoming the largest cannabis company by sales and transforming the cannabis industry overnight. Tilray jumped over 26% after the…

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