President-elect Donald Trump did not show much support for marijuana policy reforms during his first term in office. However, prior to this year's presidential election, he supported President Joe Biden's stance on rescheduling cannabis from a Schedule I drug to Schedule III. He stated, “I believe it is time to end needless arrests and incarcerations of adults for small amounts … [Read more...] about Are Cannabis Stocks a Good Investment Under Trump 2.0?
Weed investments
Cannabis Stocks Extend Losses in November
Cannabis stocks, as measured by the Global Cannabis Stock Index, have been quite volatile this year. The index gained in September, prompting a Q3 gain, but it fell in October. November was very tough, with the 9.5% loss to 7.44 leaving the index down year-to-date: In 2023, the index ended down 16.5% to 8.11. In Q1, it rose 26.0%, declined 15.8% in Q2 and increased 2.2% during … [Read more...] about Cannabis Stocks Extend Losses in November
Who Is Buying Marijuana And Why? Market Data Provides Behavior, Profiles & Insights For Investors
A recent report by Numerator, a first-party consumer-sourced data company, offers in-depth insights into the behaviors and profiles of contemporary cannabis consumers. The study, which surveyed nearly 6,000 current and past users of THC and CBD highlights significant differences in consumer demographics, usage patterns and spending habits. Investors looking to capitalize on the … [Read more...] about Who Is Buying Marijuana And Why? Market Data Provides Behavior, Profiles & Insights For Investors
MedMen Files for Bankruptcy
On April 26, multi-state cannabis operator MedMen announced that it has filed for bankruptcy with the Canadian Bankruptcy and Insolvency Act, as of April 24. Recorded liabilities include approximately $561 million CAD, or $411 million USD. MedMen’s bankruptcy trustee B. Riley Farber Inc. was appointed to represent the company and manage outstanding business obligations (debt, … [Read more...] about MedMen Files for Bankruptcy
Floundering Weed Stocks Test Wall Street’s Faith in 2024 Rebound
(Bloomberg) -- The case for investing in cannabis companies is, in theory, the strongest it’s ever been. Weed shops are popping up on street corners across the US at a frantic pace, while the 2024 presidential election offers an impetus for drug reform. And yet the stocks underlying the industry are floundering, with even the bulls growing tired of waiting. An index tracking … [Read more...] about Floundering Weed Stocks Test Wall Street’s Faith in 2024 Rebound
It’s been a dismal 2023 for pot stocks
Cannabis stocks have had a miserable 2023. An index tracking the share price of the sector's 100 largest companies has slumped 14%. In comparison, the benchmark S&P 500 has soared 23% year-to-date. It's been a great year for much of the stock market, with the rise of AI and investors' bets on future Federal Reserve rate cuts powering equities higher. Pot is one of the … [Read more...] about It’s been a dismal 2023 for pot stocks
Cannabis MSOs largely outperformed quarterly expectations: analyst
Cannabis multi-state operators (MSOs) reported stronger-than-expected earnings for the quarter ending in September boosted by the launch of Maryland’s recreational market on July 1 and amid increased optimism around the rescheduling of marijuana as a lower-risk drug in the United States. “This quarter, we had more operators, not just showing stronger results but stronger … [Read more...] about Cannabis MSOs largely outperformed quarterly expectations: analyst
US-Cannabis Market is to grow by USD 46.90 billion between 2022 – 2027 | Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc. and more among the key companies
The US-Cannabis Market is projected to witness a surge at a Compound Annual Growth Rate (CAGR) of 24.03% with USD 46.90 b illion from 2022 to 2027. The research report on the US Cannabis Market also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web … [Read more...] about US-Cannabis Market is to grow by USD 46.90 billion between 2022 – 2027 | Aurora Cannabis Inc., Canopy Growth Corp., Charlottes Web Holdings Inc. and more among the key companies
Weed Stocks Hit After Snoop Dogg Quits Smoking
After Snoop Dogg announced on Thursday that he was giving up smoking, the share prices of a number of cannabis companies suffered a blow. The 52-year-old musician, whose real name is Calvin Broadus, became known for his love of the recreational drug over the years and made the surprise announcement to his social media followers. "After much consideration & conversation … [Read more...] about Weed Stocks Hit After Snoop Dogg Quits Smoking
Green Thumb CEO Lambastes ‘Uncle Sam’ for Cannabis Listing as 70% Americans Support Legalization
Green Thumb Industries CEO Ben Kovler took a swing at the federal government during the company’s third quarter earnings call Nov. 8, the same day that a new poll showed a record number of Americans in support of cannabis legalization. Seventy percent of U.S. adults now favor federal cannabis reform, up 2% from a three-year flatline, according to a Gallup poll conducted Oct. … [Read more...] about Green Thumb CEO Lambastes ‘Uncle Sam’ for Cannabis Listing as 70% Americans Support Legalization
