Cannabis stocks skyrocketed this week, aided by the Democratic victory in the Georgia runoff election.
There was also Gov. Andrew Cuomo’s proposal for a legal cannabis program across New York State. It would allow adults over the age of 21 to buy marijuana at state-approved dispensaries, generating roughly $300 million in annual tax revenue.
We also learned that the state of Illinois revealed that more than $1 billion worth of cannabis were sold in 2020, with almost $670 million coming from adult-use sales.
Meanwhile, ETFs were all up by double digits. Over the last five trading days:
- The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 17%
- The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 15.9%
- The Cannabis ETF (NYSE:THCX): rose 20.7%
- The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 18.1%
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 1.82%
Benzinga Cannabis content is now available in Spanish on El Planteo.
Jeff Siegel explained why the psychedelics market is not cannabis 2.0.
We spoke with Aphria (NASDAQ:APHA) CEO Irwin Simon following the Tilray (NASDAQ:TLRY) merger announcement. He walked us through the companies’ ambitions in the beverages and international markets, big partnerships, cash flow, and more. Click here for the full interviewe.
Financings And M&A
Canopy Rivers (OTC:CNPOF) sold its 49% common equity…
Cannabis stocks skyrocketed this week, aided by the Democratic victory in the Georgia runoff election.
There was also Gov. Andrew Cuomo’s proposal for a legal cannabis program across New York State. It would allow adults over the age of 21 to buy marijuana at state-approved dispensaries, generating roughly $300 million in annual tax revenue.
We also learned that the state of Illinois revealed that more than $1 billion worth of cannabis were sold in 2020, with almost $670 million coming from adult-use sales.
Meanwhile, ETFs were all up by double digits. Over the last five trading days:
- The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 17%
- The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 15.9%
- The Cannabis ETF (NYSE:THCX): rose 20.7%
- The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 18.1%
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 1.82%
Benzinga Cannabis content is now available in Spanish on El Planteo.
Jeff Siegel explained why the psychedelics market is not cannabis 2.0.
We spoke with Aphria (NASDAQ:APHA) CEO Irwin Simon following the Tilray (NASDAQ:TLRY) merger announcement. He walked us through the companies’ ambitions in the beverages and international markets, big partnerships, cash flow, and more. Click here for the full interviewe.
Financings And M&A
Canopy Rivers (OTC:CNPOF) sold its 49% common equity…
