Full Answer
What are the best marijuana stocks to invest in?
Mar 24, 2022 · What happened. Marijuana stocks exploded higher in late-day trading Thursday, with Aurora Cannabis ( ACB -0.30% ) closing the day up 11%, Canopy Growth ( CGC -1.00% ) gaining 11.4%, and Tilray ...
What are the top 10 cannabis stocks?
Mar 17, 2022 · Why Marijuana Stocks Are Smoking Today. ... As of 1:15 p.m. ET, Sundial stock is gaining 3.3%, Aurora is up 5.2%, and Canopy Growth is leading the sector higher with a 5.3% gain.
What is the best cannabis stock to buy?
The reason is that in New Jersey, a year after legalizing recreational use, pot sales begin today. However, despite early gains from Sundial, Curaleaf and Trulieve, cannabis stocks are still in the...
What are the best stocks for medical marijuana?
Mar 23, 2022 · Marijuana stocks are making major moves on Wednesday alongside news of a couple of mergers in the sector. Aurora Cannabis (NASDAQ: ACB) is behind part of today’s rise in marijuana stocks. The ...
The U.S. Cold War against cannabis is rapidly thawing
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
What happened
Nearly every major pot stock closed sharply higher on Monday. Tilray ( NASDAQ:TLRY), its partner-to-be Aphria ( NASDAQ:APHA), Aurora Cannabis ( NASDAQ:ACB), HEXO ( NASDAQ:HEXO), and OrganiGram Holdings ( NASDAQ:OGI) all rose at double-digit rates.
So what
On Friday, the two chambers of Virginia's General Assembly passed marijuana legalization bills. The two must be reconciled for consistency's sake; afterward, the combined version will be sent to legalization supporter Gov. Ralph Northam for his signature.
Now what
Momentum is snowballing for federal U.S. decriminalization, and Virginia's move is only the latest evidence of this. While this won't alleviate all the challenges of the marijuana industry, it will significantly improve its prospects. Pot stock investors are right to be enormously cheered by this development.
