cannabis stocks

It was a mixed bag in the cannabis-related news world this week. Colorado announced that since the state legalized adult-use cannabis sales in 2014, $1 billion worth of marijuana were sold, while Oregon’s Congress passed a bill that would allow it to trade cannabis with other consenting...

In another big week for cannabis, a committee of the Delaware House of Representatives passed a bill to legalize recreational marijuana; Democratic presidential candidate Sen. Kirsten Gillibrand unveiled a cannabis legalization plan that includes expungement and social equity...

In a week that can only be described as eventful, Illinois lawmakers passed a bill to legalize adult-use cannabis – which now only needs the governor’s signature; the FDA held a public hearing on the regulation of products containing CBD; and a federal appeals court re-opened a case...

This week, lawmakers, cannabis entrepreneurs, investors, and other influential people gathered in Washington D.C. for KCSA’s Congressional Cannabis Day Forum. Speakers included Rep. Earl Blumenauer, CNBC’s Tim Seymour, Rep. David Joyce, Rep. Barbara Lee and Rep. Don Young. In other big...

As the presidential race continues to heat up, Democratic contender and former Vice President Joe Biden has come out in support of decriminalizing cannabis — but not of full legalization. “Nobody should be in jail for smoking marijuana,” he said. While it was a big step...

The cannabis world had an unlikely protagonist: magic mushrooms. After a popular vote, the city of Denver, Colorado, known as a legal cannabis trailblazer, approved a ballot measure to decriminalize psychedelic mushrooms at its active ingredient, psilocybin. Meanwhile, Senate Minority Leader Chuck...

Although the legal marijuana industry is still very much an emerging niche for stock market participants, the market for investing in cannabis is maturing. In a recent sign of how far the legal cannabis sector has come, BlackRock Funds has made substantial investments in dispensary operator...

This week, cannabis news was dominated by two big acquisitions. The largest was announced by U.S. vertically integrated multistate cannabis operator Curaleaf Holdings, Inc. (OTC: CURLF), which said it would buy Cura Partners, owners of the Select cannabis brand, for approximately $950 million in...

Last weekend, we were out getting some rest after the third edition of the Benzinga Cannabis Capital Conference in Toronto. This week’s recap will include some big news items from last week as well. On April 18, Canopy Growth Corp (NYSE: CGC) announced it would acquire Acreage Holdings (OTC:...

Last week, Sen. Jeff Merkley (D-OR) and Sen. Cory Gardner (R-CO) introduced the Secure and Fair Enforcement (SAFE) Banking Act into the Senate, counting on the support of 20 cosponsors. This bipartisan piece of legislation was introduced in the House last month, and was approved with bipartisan...

The week brought big cannabis news, with the FDA setting its first hearing regarding CBD's legality in food and drinks for May, and the STATES Act, which aims to protect cannabis businesses and users in legal states from federal intervention, being introduced in Congress. “Allowing...

The cannabis world received mixed news last week. On the one hand, the House Financial Services Committee voted in favor of a bill that would allow marijuana businesses to work with banks and credit unions, the SAFE Banking Act, allowing it to advance to the House floor. On the other hand, the...

It was a big week for cannabis banking, as the SAFE Banking Act, which would provide protection to financial institutions that work with legal, compliant cannabis businesses, was scheduled for its first markup in the House Financial Services Committee Tuesday, March 26. This marks the first...

It was another news-filled week in the weed world... Nelson Peltz joined Aurora Cannabis Inc (NYSE: ACB) as a strategic advisor; Harvest Health & Recreation Inc (OTC: HRVSF) acquired Chicago-based Verano Holdings in an all-stock deal valued at $850 million; Nielsen Holdings PLC (NYSE: NLSN),...

This was a big week for cannabis on the policy front, as lawmakers introduced the Secure and Fair Enforcement (SAFE) Banking Act of 2019 I Congress, seeking to address the industry’s banking woes. Reps. Tulsi Gabbard and Don Young introduced another bipartisan bill that seeks to remove...