In midterm elections that saw Democrats gain control of the House and reaffirmed Republican control of the Senate, more states also voted to legalize marijuana.
Cannabis stocks, already bolstered by wins in the midterm elections, got an added boost when anti-pot Attorney General Jeff Sessions announced his resignation Wednesday afternoon.
Move over marijuana heavyweights, the rookies are taking over. The recent pot mania has seen a slew of companies looking to get in on the sector and stock returns this month have overshadowed larger and more established marijuana companies, including Canopy Growth, Aurora Cannabis and even high-volatility Tilray. September’s... Read more
Investors may be betting on marijuana in all the wrong places. Enthusiasm for pot stocks reached a fever pitch last week when investors piled into British Columbia-based Tilray Inc., a developer of cannabis medicinal products, doubling its stock price over three trading days through Wednesday. Volume for Tilray’s stock... Read more
Marijuana stock trading is dominated by dudes. Men accounted for 75 percent of all cannabis-related securities trades over the past month, according to data from TD Ameritrade, the online broker with 11 million clients who hold more than $1 trillion in assets. At the end of last year, baby... Read more
Marijuana stocks, most recently Tilray Inc., are reaching dizzy heights. So, too, is the S&P 500, which touched an all-time record on Thursday. But in this haze, investors can afford to chill. The wider market isn’t getting such a contact high. When shares of the Canadian cannabis maker hit... Read more
SEATTLE (AP) — A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, raising $153 million to expand its operations as Canada prepares to legalize the drug nationwide. British Columbia-based Tilray Inc.’s shares began trading Thursday on the Nasdaq... Read more
