Shares of marijuana companies rose on Thursday after a U.S. congressional commit...
“We think federal legalization would be a big positive for investor sentiment surrounding cannabis equities, which have been battered by oversupply and a steep price decline for the underlying commodity since becoming legal in Canada,” said Garrett Nelson, senior equity analyst at CFRA Research.
The latest bill, which has more than 50 co-sponsors, enables states to set their own policies while allowing to expunge federal marijuana convictions and arrests. Shares in the sector are down more than 25% this year, according to the alternative harvest ETF , which tracks cannabis-related stocks, taking a blow from a slow roll out of retail stores and oversupply in Canada, as well as uncertainties related to U.S. regulations.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
After a 60% drop in 6 months, Bank of America says buy pot stock CanopyThe brokerage upgraded the cannabis producer to buy said the stock's 2019 swoon has tempered valuation and earnings estimates.
Leer más »
Boston overhauling pot review process to close race gapBoston is overhauling its marijuana review process to boost involvement of minority entrepreneurs in Massachusetts’ burgeoning pot industry.
Leer más »
Podcast Drop: ‘How To Do The Pot’ Answers Women’s Most-Googled Cannabis QuestionsIndustry pioneer and host April Pride gives an exclusive preview of the first three episodes.
Leer más »
Professional Pot Stirrer Rupert Grint Is Dishing on Emma Watson and Tom Felton’s “Spark” and “Romance”Harry Potter star Rupert Grint claims Emma Watson and Tom Felton had a spark on set amid romance rumors—find out more here.
Leer más »
Opinion | If Biden believes pot is a 'gateway drug,' he can't be presidentOpinion | Simon Moya-Smith: 'Biden’s comments are...plenty of evidence that this man is out of step with the times, with Democratic voters and with the needs of people of color.' -NBCNewsTHINK
Leer más »
Why I Ditched My Rice Cooker for the Instant PotPlus, how to make perfect Instant Pot rice (with charts).
Leer más »