|Bid||16.90 x 0|
|Ask||16.99 x 0|
|Day's Range||16.90 - 17.06|
|52 Week Range||13.43 - 27.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.86%|
Cannabis stocks fell Tuesday, tracking declines in the broader market where excitement about a U.S.-China trade truce had dissipated on concerns about how quickly a deal can be achieved.
Illinois became the most recent state to legalize recreational marijuana on Tuesday. The legalization of recreational cannabis was a campaign promise of Illinois Governor J.B. Pritzker.
The cannabis sector's performance in June remained lackluster, a continuation of the trend that has been going on since March this year.
Cannabis funds have made millions of dollars lending out their holdings to traders betting against this year’s 60% surge in the red-hot market.
The Emerging Marijuana Growers Index ETF (HMJR), which includes small and emerging marijuana companies, experienced a loss of 4% in May. So far, HMJR has lost 4% in June.
Cannabis stocks rose Tuesday, buoyed by gains in the broader market and hopes for a bill that would block the Justice Department from interfering in states that have legalized weed for medical or recreational use.
New York-based cannabis company Columbia Care Inc. announced Thursday the nationwide launch of its Columbia National Credit progrom, or "CNC Card," which makes the company capable of directly accepting a credit card for cannabis purchases. The launch follows the success of its pilot program in New York. "By launching the first credit card in the country that can be used by consumers and industry participants to purchase cannabis products, we now exclusively offer an important capability that will serve Columbia Care's national growth initiatives, including home delivery, automatic fulfillment and e-commerce," said Chief Executive Nicholas Vita. The stock has lost 18% since closing its first-day of over-the-counter trading at $7.20 on May 1. Over the same time, the Horizons Marijuana Life Sciences Index ETF has lost 10% and the S&P 500 has slipped 1.5%.
Should You Hold On to Your Cannabis Stocks?Wild swingsCannabis stocks have been under selling pressure since March. The weakness in the sector shows that investors’ confidence has been slowly eroding. Take the ETF Horizons Marijuana Life Sciences
Cannabis Stocks Continued to Drift Lower Last WeekCannabis sector declinesLast week, the cannabis sector continued to drift lower, ending up in the negative territory throughout the week. The market sentiment took a significant beating on the back
The push for legislation that would allow banks do business with cannabis companies without the risk of federal enforcement action is gaining momentum and credit unions are playing a key role.
Canopy Growth Corp.’s plan to acquire U.S. multi-state operator Acreage Holdings as soon as cannabis is legalized in the U.S. has won the support of a U.S. private-equity firm that specializes in investments in the cannabis sector.
How Cresco Labs Stacks Up against Other Cannabis PlayersCresco LabsCresco Labs (CRLBF) is a multistate cannabis company that has presences in both the adult use and medical cannabis markets. The company has its own production and distribution
Already one of the world's largest markets in terms of sheer number of cannabis exchange traded funds, Canada is breaking new ground as the home to the world's first inverse and leveraged marijuana ETFs. ...
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)HEXOHEXO (HEXO) has been a star stock within the cannabis sector with returns of almost 96% YTD as of the date of this writing. In comparison, the Horizons Marijuana Life
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)Investing in the cannabis sectorThe cannabis sector has had its ups and downs in the past month. The trend has mostly been flat to downwards-trending for most of the
Aphria Stock Rises on Cultivation License in Germany(Continued from Prior Part)Cannabis stocks gainToday, the cannabis sector was making positive moves after last week was fraught with pessimism due to trade tensions. HEXO (HEXO) was up 1.3% while
Cannabis Stocks Fell despite Biden's Support of LegalizationA weak startThe overall cannabis sector was off to a weak start this week. The weakness was reflected in the Horizons Marijuana Life Sciences ETF (HMMJ), which sank by nearly 1.4%, and the
Cannabis stocks were mostly lower Monday, amid a broad market tumble related to the Sino-American trade fight.
Why Planet 13 Stock Fell ~6.8% on May 7The announcementOn May 7, Planet 13 Holdings (PLTH) (PLNHF) announced that its Las Vegas Cannabis Entertainment Complex, also called the Superstore, served an average 1,962 customers per day in April, while its
Key Cannabis Sector Updates: Price Action and Analyst RatingsCannabis stocksCannabis ETFs traded on a negative note last week. The Horizons Marijuana Life Sciences ETF (HMMJ) fell 1.2%, while the ETFMG Alternate Harvest ETF (MJ) gained 0.33%. The
Cannabis Stocks Sink as Market Sentiment DampensCannabis-sector ETFsThe cannabis sector has broadly fallen today as overall market sentiment has been dampened by US-China trade disputes. The Horizons Marijuana Life Sciences ETF (HMMJ) and the
Cannabis Sector Extended Its Losses Last Week(Continued from Prior Part)Cannabis stocks fellLast week, most of the stocks in the cannabis sector ended lower. The Horizons Marijuana Life Sciences ETF (HMMJ) fell ~1.2%, while the ETFMG Alternative
Cannabis Sector Extended Its Losses Last WeekCannabis sector weakenedIn the week ending May 3, the cannabis sector extended its weakness. Most of the stocks ended in the negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) lost