Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Canada Legalization Is the Top Story in Today's Marijuana News
https://mney.co/2MIZXWN
Required Please enter the correct value.
Twitter
Stocks: ACBFF, CGC, CRON

Canada Legalization Is the Top Story in Today's Marijuana News

By Money Morning Staff Reports, Money Morning • June 20, 2018

View Comments

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Marijuana stock prices popped Wednesday (June 20) after Canada's Senate approved a bill that would legalize cannabis across the entire country.

Canada is now the second country in the world - and first in the G7 - to fully legalize marijuana. Uruguay legalized cannabis production, consumption, and sales in December 2013.

Marijuana stock prices

Markets anticipate companies will be able to sell marijuana legally by Labor Day weekend.

Shares of Canopy Growth Corp. (NYSE: CGC) climbed 4% on the day. Shares of Aurora Cannabis Inc. (OTCMKTS: ACBFF) added 2.6%, and Cronos Group Inc. (Nasdaq: CRON) added almost 5% on the day.

Now, let's take a look at three of the biggest cannabis stories in the news...

The Top Cannabis Stories to Know Right Now

The Senate bill passing in Canada was the big headline.

Renegade Investment Expert: "It's time to double down - or even triple down -Ā on your cannabis investments!" Read more...

But there were plenty of other developments in the marijuana space generating buzz.

  • The mayors of both Denver and Thorton, Colo., are the latest members of a growing coalition of U.S. city leaders calling for decriminalization of marijuana at the federal level. This coalition aims to lobby to the Trump administration and U.S. Congress to press for greater local control of marijuana rules and regulations. These local leaders are pushing for a variety of changes, including improved banking access for marijuana companies and de-scheduling marijuana from the Controlled Substances Act.
  • One famous marijuana name is looking to pounce on the recent buzz on Wall Street around the legal cannabis movement. The ownership of High Times, a magazine centered on marijuana culture, said that it will launch an equity crowdfunding campaign before it applies for an initial public offering (IPO) later this year. High Times Holding Corp. is attempting to increase its valuation before it's publicly listed. The campaign would also provide non-institutional investors greater access to shares in the marijuana space than they would have in an IPO. The company said it will set a price of $11 per share. That figure is 10% below what it plans for its IPO price on the public markets.
  • Finally, the state of Massachusetts may grant its first recreational marijuana license. The Massachusetts Cannabis Control Commission will hold a hearing for an application for a cultivation facility in Milford, Mass. The company that is applying for the license, Sira Naturals, already grows medicinal marijuana at its facility.

Four Cannabis Stocks Potentially Destined to Soar Up to 1,000% Election Year

Join the conversation. Click here to jump to comments…

Login
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Suzi Pritchett
Suzi Pritchett
4 years ago

Thank you for the input. I'm happy to see the 12 stocks I invested in Canada went up 5% overnight. This is thrilling and I'm so happy I made the decision to invest!

0
Reply
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz