All articles tagged with #cannabis stocks
Originally Published 26 days ago — by Investor's Business Daily
The stock market experienced a decline in the Dow Jones after mixed jobs data was released, while cannabis stocks saw significant gains, reflecting varied investor reactions to recent economic indicators.
Originally Published 27 days ago — by CNBC
President Trump is considering an executive order to reclassify marijuana from Schedule I to Schedule III, which could boost cannabis research and investment, leading to sector optimism despite some stock declines.
Originally Published 2 months ago — by CNBC
The cannabis industry is optimistic about potential federal reforms under Trump, including possible reclassification of marijuana and regulation of hemp-derived products, which has already sparked a rally in cannabis stocks. Key developments include Trump's supportive statements on CBD and hemp regulation, though Republican lawmakers are pushing back on safety concerns. The sector's future growth hinges on regulatory clarity and policy changes, with the market showing signs of a potential turnaround.
Originally Published 3 months ago — by The Guardian
Cannabis stocks surged after Donald Trump shared a video promoting CBD use for seniors and advocating for Medicare coverage, highlighting ongoing discussions about federal cannabis decriminalization and reclassification, with industry leaders optimistic about potential policy changes.
Originally Published 3 months ago — by Investor's Business Daily
Cannabis stocks surged after President Trump expressed support for marijuana's health benefits for seniors, leading to a rally in the industry, though regulatory risks remain.
Originally Published 2 years ago — by Investopedia
The cannabis industry, despite ongoing legal and regulatory challenges, is projected to grow to $444.3 billion by 2030. Investors can track the sector through the ETFMG Alternative Harvest ETF (MJ). The article highlights the best value, fastest-growing, and best-performing cannabis stocks. Cresco Labs, SNDL Inc., and Trulieve Cannabis are identified as the best value stocks based on their low price-to-sales ratios. Tilray Brands, TerrAscend Corp., and Verano Holdings are recognized as the fastest-growing stocks with high year-over-year sales growth. TerrAscend, Green Thumb Industries, and Tilray Brands are the top-performing stocks over the past 12 months. Investing in cannabis stocks offers growth potential, with increasing acceptance and changing perceptions toward cannabis. However, limitations include limited access to financial services and competition leading to oversupply and falling prices.
Originally Published 2 years ago — by Detroit Free Press
Major market indices, including the S&P 500 and Dow Jones, remained flat as new data showed an uptick in consumer prices, signaling higher inflation. The Nasdaq Composite fell due to profit-taking from a July tech rally. Penn Entertainment's stock spiked after announcing an exclusive sports betting deal with ESPN, while Disney's stock rose after reporting mixed Q3 results. Meme stock AMC Entertainment Holdings saw a spike in shares after reporting earnings, while EV manufacturer Rivian Automotive and hydrogen fuel cell company Plug Power Inc. experienced losses. Cannabis stocks, including Canopy Growth and Curaleaf Holdings, dropped due to financial struggles and missed expectations. In the week ahead, Home Depot, Cisco Systems, and Walmart will report earnings, and data on retail sales and minutes from the latest FOMC meeting will be released.