cannabisstocks
U.S. President pardoned thousands convicted of marijuana possession, investment expert explains what it means for cannabis stocks. Cannbis Stocks Rally After Biden’s Announcement“Cannabis stocks rallied last Thursday after U.S. President Joe Biden pardoned roughly 6,500 U.S. citizens convicted of ‘simple marijuana possession’. That sure was a step in the right direction considering it could eventually eliminate the “280E” and enable the American cannabis companies to work their way to the major exchanges. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFindin...
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Information about the bill, analyst commentary and a popular weed stock with retail investors Cannabis Stocks RiseCannabis stocks rose Thursday after Bloomberg reported that Senate Democrats plan to introduce legislation decriminalizing the popular and widespread plant’s use. The report said Senate Majority Leader Chuck Schumer and fellow democrats Cory Booker and Ron Wyden planned to introduce the Cannabis Administration and Opportunity Act. Q2 2022 hedge fund letters, conferences and more That sent weed stocks across the US and Canada higher with welcome relief after widespread losses that h...
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Whitney Tilson’s email to investors discussing the opportunity in cannabis stocks; more Q&A about our advertising. Q2 2021 hedge fund letters, conferences and more The Opportunity In Cannabis StocksSpeaking of Empire Investment Report, one of our best recommendations was cannabis company Green Thumb Industries Inc (OTCMKTS:GTBIF), which was one of eight stocks we recommended on September 16 last year to take advantage of the "blue wave" we correctly predicted in the 2020 election. Since then, these eight have risen an average of 94% versus 32% for the S&P 500 Index – and the second-best perfor...
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Flower One Holdings Inc (OTCMKTS:FLOOF) achieved total revenue of $13.9 million in the first quarter of 2021, which represents a 53% increase over $8.8 million reported in the first quarter last year. This is mainly due to higher revenues and decreases in cash COGS and other operating expenses. Q1 2021 hedge fund letters, conferences and more The leading cannabis producer in Nevada announced its financial results for 2021-Q1, which ended on March 31. Flower One closer to cash flow positiveFlower One was the subject of a massive restructuring of its debt, yielding a significant improvement of i...
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Amazon Inc (NASDAQ:AMZN) officially revealed support for the federal legalization of marijuana, and cannabis stocks took off as a result. In connection with its support for federal legalization, the online retailer will stop screening most prospective employees for marijuana, which it will treat the same as alcohol. Employees for certain positions like delivery drivers will still be screened. Q1 2021 hedge fund letters, conferences and more Policy changesIn a blog post, Amazon Worldwide Consumer CEO Dave Clark said they are adjusting their "Time off Task" policy and drug screening policy. The ...
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Citing multiple sources, Marijuana Moment reports that a federal cannabis legalization bill will likely make another appearance in the House of Representatives this week. The blog said that House Judiciary Committee Chairman Jerrold Nadler of New York is preparing to refile his cannabis legalization bill this week. Q1 2021 hedge fund letters, conferences and more Meanwhile, senators are putting the finishing touches on their own bill. The refiled House version of the bill will have changes from the version that passed last year. Updates on federal cannabis legalization effortsSenate Majority L...
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Credit Suisse Group (NYSE:CS) (SWX:CSG) has reportedly halted custodian services for certain U.S. cannabis stocks. Sources told Reuters that the Swiss investment bank and lender told customers that it wouldn’t execute transactions in cannabis stocks with U.S. operations or hold them on behalf of clients. Q1 2021 hedge fund letters, conferences and more Credit Suisse pulls the plug on cannabis stocksA cannabis company executive and other industry sources informed Reuters of the development. The Swiss bank was one of just a handful of banks that were previously willing to sell and buy cannabis s...
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New York lawmakers are expected to vote today on whether to legalize recreational cannabis use for adults. Gov. Andrew Cuomo, Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins announced an agreement to legalize recreational use of the drug on Monday. Q4 2020 hedge fund letters, conferences and more Despite that agreement, controversy over the move continues in New York. Concerns about legalizing cannabis in New YorkThe Associated Press reports (via ABC 7 NY) that in New York City alone, legalizing cannabis could bring in tens of millions of dollars in tax revenue ...
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Cannabis stocks are rallying today, driven by little news. Tilray popped 14% after opening bell this morning, while Aphria was up 10%. Canopy Growth rose by about 5%, while Cronos gained 4%, and Aurora Cannabis gained more than 7%. Q4 2020 hedge fund letters, conferences and more Cannabis stocks rally with little newsThe rally in cannabis stocks continued for a second day after Virginia lawmakers voted to legalize recreational marijuana over the weekend, sending a few related bills to the governor's desk. Gov. Ralph Northam hasn't signed the legislation yet, but he is expected to do so soon. T...
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