Players will now be able to invest in NBA and WNBA teams, as well as promote and/or invest in sports betting and cannabis companies. The league's new collective bargaining agreement (CBA) will give players the ability to invest in NBA and WNBA teams, as well as promote and/or invest in sports betting and cannabis companies, according to Shams Charania of The Athletic. Sports … [Read more...] about NBA allows players to invest in teams, betting and cannabis companies
Weed investments
U.S. Legal Cannabis Sales Predicted to Grow 14% in 2023
LOUISVILLE, Colo. — Global legal cannabis spending grew 4.8 percent to $32 billion in 2022 and has a projected compound annual growth rate (CAGR) of 13.2 percent from 2022 to 2027, according to BDSA's updated five-year global legal cannabis market forecast. Despite economic uncertainty and rising inflation, BDSA expects legal U.S. cannabis sales to grow 14 percent by the end of … [Read more...] about U.S. Legal Cannabis Sales Predicted to Grow 14% in 2023
3 Cannabis Stocks to Buy for the Future of Legalization
Cannabis hasn’t been legalized at the federal level just yet. But give it time. With more U.S. states and countries worldwide legalizing its use, it’s only a matter of time. Accordingly, I think it’s also only a matter of time before cannabis stocks begin to see higher highs. According to a Pew Research poll, 88% of U.S. adults support the legalization of marijuana for medical … [Read more...] about 3 Cannabis Stocks to Buy for the Future of Legalization
Why Marijuana Stocks Keep Going Down
What happened The news keeps getting worse for investors in marijuana stocks. Yesterday, cannabis news website Marijuana Moment warned of trouble getting the SAFE Banking Act (a bill to legalize banks providing banking services to marijuana companies) through Congress. Today, it appears that this warning was all too accurate. SAFE Banking will not be passed as part of a … [Read more...] about Why Marijuana Stocks Keep Going Down
Is Now The Time To Buy Pot Stocks?
News Americas, NEW YORK If you see the long-term potential in pot stocks, you’ll need no convincing that now is the time to buy and hold for the long term. However, if you’re a tactical investor, you might be in two minds about going all-in now. We consider the upside and downside catalysts behind cannabis stocks, and how you can invest. Legalization The United States is … [Read more...] about Is Now The Time To Buy Pot Stocks?
Why Marijuana Legalization Could Be Bad News for Canopy Growth and Tilray Brands
FOOL Investors in these companies should be careful what they wish for. Marijuana legalization in the U.S. has been a hot topic of late as there's growing excitement about the possibility that significant reform will take place in the industry. A couple of companies that are eager to enter the U.S. pot market include Canopy Growth (CGC -1.70%) and Tilray Brands (TLRY … [Read more...] about Why Marijuana Legalization Could Be Bad News for Canopy Growth and Tilray Brands
Canadians have lost more than $131 billion investing in cannabis companies: firm
CTV NEWS Canadians who invested in cannabis companies have lost more than $131 billion, according to data collected by law firm Miller Thomson, which calculated the total losses of 183 publicly traded and licenced cannabis producers. It’s a staggering number that if broken down per capita would equate to each Canadian citizen losing about $43,000. Larry Ellis, a lawyer with … [Read more...] about Canadians have lost more than $131 billion investing in cannabis companies: firm
Why Aurora Cannabis and Tilray — but Not Curaleaf — Wilted on Monday
FOOL What happened Marijuana stocks as a class rallied strongly last week as investors found good news in the earnings reports of Canopy Growth (CGC 0.71%) and Aurora Cannabis (ACB 0.33%) -- and perhaps a bit of hope for federal marijuana reform after Democrats' stronger-than-expected showing in the midterm elections. This week, however, investor enthusiasm for the cannabis … [Read more...] about Why Aurora Cannabis and Tilray — but Not Curaleaf — Wilted on Monday
Mostly Tricks, Few Treats For Pot Stocks in 2022
benzinga Halloween is prime spooky season, but for most investors, all of 2022 has been quite scary. Stocks across the board have taken substantial hits this year, with cannabis particularly affected. Cannabis' surging pandemic performances have been dashed mostly. Now, Fed uncertainty looms while profitability continues to elude most operators, from MSOs to the ancillary … [Read more...] about Mostly Tricks, Few Treats For Pot Stocks in 2022
Whatever happened the cannabis stock bubble? What next?
invezz After caffeine and alcohol, cannabis slots in as the third most popular drug in the world. And yet, looking at the stock market, the sector feels infantile in comparison. That is, of course, due to the nebulous legal status of marijuana, which differs greatly around the world. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz … [Read more...] about Whatever happened the cannabis stock bubble? What next?
