Green Market Report

Below is a recap of the main news related to the cannabis industry and markets for the week of July 19, 2021. Contents U.S. Surgeon General Bashes Prohibition Amazon Lobbying For Cannabis Colombia’s New Law New York’s Cultivation Bill Markets Two IPOs M&A Financings Earnings...

Below is a recap of the main news related to the cannabis industry and markets for the week of July 16, 2021. Contents US Federal Legalization Markets Biden’s New Drug Czar Argentina WADA vs. The US Ohio’s Rec Bill Regulatory Updates: NJ, MI Financings And M&A Earnings Reports...

Below is a recap of the main news related to the cannabis industry and markets for the week of July 5, 2021. Contents A New Cannabis ETF Weed Delivery On The App Store Markets FBI Reconciles With Pot Sundial And SunStream Bancorp Regulatory Updates Financings And M&A Earnings Reports Celeb...

Below is a recap of the main news related to the cannabis industry and markets for the week of June 28, 2021. Justice Thomas          Justice Clarence Thomas, the Supreme Court’s longest-serving member, issued a crude statement on federal cannabis...

In another busy week, cannabis stocks traded up, outperforming general markets. Over the five trading days of this week: The ETFMG Alternative Harvest ETF (NYSE: MJ): gained 4.2%. The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): advanced 6.6%. The AdvisorShares Pure US Cannabis ETF (NYSE: MSOS):...

U.S. House Reps Bonnie Watson Coleman (D-NJ) and Cori Bush (D-MO), in collaboration with the Drug Policy Alliance, introduced the Drug Policy Reform Act (DPRA): a bill seeking to end criminal penalties for drugs possession at the federal level. The bill contains...

As we near the end of the first half of 2021, we can see cannabis stocks traded mostly up by double digits, with the Amplify Seymour Cannabis ETF (NYSE: CNBS) delivering gains of more than 50% year-to-date. This week, however, stocks posted mixed performances. Over the five trading days of this...

Another busy week in cannabis saw the stock market post generalized losses, as Amazon.com Inc. (NASDAQ: AMZN) came out in support of the federal legalization of marijuana, announcing it will drop marijuana testing requirements for some of its workers. Dave Clark, CEO of Amazon’s worldwide...

Cannabis stocks traded up this week, aided by strong earnings reports, big M&A announcements and the reintroduction of the Marijuana Opportunity Reinvestment and Expungement Act (MORE) into Congress, after the previous year's version failed to pass the Senate. The MORE Act would remove...

In an earnings-heavy week, cannabis stocks experienced considerable volatility. On average, stocks surged on Monday and Tuesday, dropped sharply on Wednesday and were somewhat back in the green during the last two days of the period, aided by tobacco giant Altria Group Inc (NYSE: MO) coming...

In a week of big M&A news and mixed earnings reports, cannabis stocks traded mostly down. On Monday, Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced it's purchasing Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF) for roughly $2.1 billion in stock. Harvest...

This was an eventful week for the cannabis industry. On Monday, Tilray, Inc. (NASDAQ: TLRY) and Aphria, Inc. (NASDAQ: APHA) closed their merger after months of negotiations, creating a company with a combined market cap of $3.3 billion. Benzinga spoke with Irwin Simon, CEO of the new combined...

Cannabis stocks traded mostly in the green this week, as we got into earnings season. “While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania,” Debra...

In the week of 4/20, the unofficial day of cannabis and top sales day for the industry, major stocks posted mixed performances. Retailer Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) reported single-day record sales of $543,000 on April 20. Meanwhile, Eaze, California's largest marketplace...

In spite of some good news on the legalization front, cannabis stocks traded down this week, largely driven by lackluster earnings reports out of big Canadian companies. On Monday, New Mexico became the latest state to legalize adult-use cannabis, after Gov. Michelle Lujan Grisham signed the...