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Issues

Cannabis stocks consolidated last week following the post-election rally on hopes that legislative changes are on the horizon. The fact that the sector has held up well after a big move to the upside is a sign of good things come – and that higher prices are in the future. Read More

Issues

Cannabis stocks continue to trade well in anticipation of decriminalization and ultimately legalization. I think things are about to get really interesting and exciting for us. The sector has kept moving higher, as the ETFMG Alternative Harvest ETF (MJ) last week rose to its highest level since October 2019. Read More

Issues

I’m sure you’ve heard the Democrats taking the White House and controlling both houses of Congress called the “Blue Wave.”  If you know me at all you know I’m not going to talk about politics… except for how it can make us money. And in that sense, the Blue Wave could be called the “Green Wave” for us cannabis investors. Read More

Issues

The next few months should be some of the most important for the U.S. cannabis industry since legalization began in California. It starts quickly, with the two Senate runoff races in Georgia tomorrow. The other big news heading into the new year is that Mexico announced it will join Uruguay and Canada as the only major countries to legalize recreational marijuana at the federal level. Read More

Issues

Cannabis stocks closed last week up a slight 0.6%, which lagged the overall market. Even though that sounds pretty dull, the action was extremely bullish for the sector’s long-term outlook. Read More

Issues

The action in cannabis stocks is pretty straightforward right now. After rallying to its best level in nine months, the ETFMG Alternative Harvest ETF (MJ) pulled back 5% last week. This is not surprising considering the big rally in the sector before and after the U.S. presidential election. Read More

Issues

Last week was historic for the cannabis industry. The House of Representatives on Friday passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act by a margin of 228 to 164. The vote went mainly along party lines, though six Democrats voted against it and five Republicans voted for it. Read More

Issues

Cannabis stocks celebrated well, posting one of their best weeks ever as the ETFMG Alternative Harvest ETF (MJ) rallied 13.9% to close at the best level since June. Investors continue to pay more attention to these stocks because of the elections results and higher odds of decriminalization as well as a surprisingly strong earnings season. Read More

Issues

Cannabis stocks opened pretty flat today as a group, but that comes on the heels of a solid week, with the ETFMG Alternative Harvest ETF (MJ) gaining 1.3% versus a loss of 1.9% for the S&P 500. We saw some rotation back into Canadian cannabis stocks, as some investors took profits in U.S.-based stocks following the nice rally right before and after the election. Read More

Issues

The cannabis sector took a hit last week after the big post-election rally. It wasn’t a big surprise to see some of the gains given back. The ETFMG Alternative Harvest ETF (MJ) fell 5.6%, but note that it is still up 13.8% in the last month. Read More