analysis

Since Colorado and Washington took the historic step of legalizing recreational cannabis in 2014, the marijuana industry has rapidly expanded, with tax revenue emerging as one of the most significant financial outcomes. The growing legal cannabis market across the U.S. has generated billions of...

Dogecoin (CRYPTO: DOGE) rallied sharply Wednesday night following cryptocurrency market bellwether Bitcoin's (CRYPTO: BTC) climb to $100,000. What happened: The multi-billion dollar-valued meme coin spiked over 9% in the last 24 hours to hit 45 cents, accompanied by an 18% uptick in its trading...

The cannabis sector is showing signs of stabilization following a harsh post-election sell-off triggered by election results. With Donald Trump's return to the presidency, a GOP-controlled Senate, and Florida's rejection of Amendment 3, which would have legalized cannabis, investor sentiment...

The cannabis market is experiencing a rough patch after election day, with many top U.S. and Canadian cannabis stocks under pressure following Donald Trump‘s victory, the prospect of a GOP-controlled Senate and Florida’s rejection of Amendment 3 that would have legalized cannabis. As of...

Cannabis stocks are experiencing notable declines this Thursday, aligning with a general downturn across major economic indices. At the time of publication of this article, the S&P 500 index was trading down by 1.62%, the Nasdaq 100 by 2.44%, and the Dow Jones Industrial Average (DJIA) showed a...

The U.S. heads into another historical election, the outcome of which will have an effect on cannabis stocks. With both major candidates, Donald Trump and Kamala Harris, supporting cannabis reform, investors are closely watching the sector. These past few days, volatility has taken the stage as...

A recent analysis of 14 multi-state cannabis operators (MSOs) looks at how the potential removal of 280E in 2025 could impact their cash flows. Section 280E of the U.S. tax code, which prevents cannabis companies from deducting normal business expenses due to federal prohibition, has long been a...

Spotify Technology SA (NYSE:SPOT) has been in the news spotlight lately for restructuring efforts underway at the company. In what can be termed as a market-moving event, Spotify’s CEO Daniel Ek announced significant organizational changes, including reducing the company’s headcount by...

After reaching a peak of $310.16 on July 26, 2021, PayPal’s (NASDAQ: PYPL) stock has declined by about 80%. While much of this sell off is justified (considering that PYPL traded for more than 50x earnings for most of 2021), I believe this sell-off is overdone and that PYPL offers investors...

A five-week streak of advances that recently took the S&P 500 index from 4,100 points to a high of 4,450 points, is set to end on Friday. That is, unless, we see remarkable bullish backlashes in the final trading hours of the week. The index, the top 500 American corporations tracked by the...

The S&P 500 index, which is tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), is up 7.8% year to date, while the Nasdaq 100, tracked by the QQQ Invesco Trust Series 1 (NASDAQ: QQQ) soared 19.9% this year, as AI growth and expectations on Fed rate peaking fuelled the tech...

Connecticut's legal recreational cannabis market has officially rolled out. Seven out of the nine existing medical marijuana dispensaries that were approved to convert to hybrid licenses began sales on Tuesday, and pulled in $251,276 in weed sales by 5. p.m., reported...

Federal prohibition makes it difficult for a cannabis business to operate fair and square. Not only is it depriving them from access to the financial system, but it also denies them the right to any U.S. federal income tax deduction for ordinary and necessary business expenses, despite being...

A new analysis published in the Journal of American Medical Association (JAMA) holds that the majority of states will legalize psychedelics by 2034 to 2037.  Led by researchers at Washington University in St. Louis, the study draws on a compilation and analysis of psychedelics legislation...

As earnings season approaches, cannabis financial analysts are getting ready to conduct intrinsic valuations and scale back their market forecasts. Fortunately for Benzinga readers, you can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock...