A January Pew Research survey indicates that 88% of U.S. adults support the legalization of cannabis for medicinal use. Further, 57% adults opine that the legalization should be for recreational use as well. The continued change in public opinion in favor of legalization might imply that it could have a chance of happening relatively soon at the federal level. With the presidential election due later this year, it’s a good time to look at cannabis stocks to buy for multibagger returns.While there are growin ...

Is Canopy Growth closer to entering the U.S. cannabis market?Canopy Growth (CGC 2.41%) is moving ahead with its plans for Canopy USA. After shareholders voted overwhelmingly in favor of its latest growth strategy for the U.S. pot market, the company is ready to take the next steps. Here's a look at what will those steps be, what they mean for investors, and whether these developments make Canopy Growth a better buy moving forward.What's next for Canopy Growth?Now that it has obtained shareholder approval, C ...

If you’re wondering what stocks to sell this quarter, you’re in the right place. Nothing lasts forever, not even stocks. During a 2018 all-hands meeting, Amazon (NASDAQ:AMZN) founder and then CEO Jeff Bezos famously said: “I predict one day Amazon will fail. Amazon will go bankrupt.” Apple (NASDAQ:AAPL) was on the verge of going bankrupt in 1997 before rival Microsoft (NASDAQ:MSFT) saved the then struggling company with a $150 million investment. History is littered with once famous companies and stocks tha ...

Is Another Green Rush On The Way For Marijuana StocksThe cannabis industry has rapidly become a significant sector within the stock market, attracting a diverse array of investors. Yet marijuana stocks are notorious for their volatility, influenced heavily by regulatory changes and political dynamics. This article explores essential strategies for investing in cannabis stocks during these fluctuating conditions. Plus highlights how political developments can impact the way most marijuana stocks trade. Navig ...

The progress toward legalization of cannabis in the United States continues at a slow pace, but medical marijuana is now permitted in approximately 37 states. Germany recently became the latest country to legalize cannabis for personal use beginning in April, coinciding with the informal holiday of 4/20. It’s the decriminalizing of cannabis at the federal level in the U.S. that would significantly advance the industry.It has been several months since the U.S. Department of Health and Human Services recommen ...

Conversion of Greenstar Promissory Note into Exchangeable Shares further improves Canopy's balance sheet through the elimination of short term debt, reduces overall debt balance by C$100MM SMITHS FALLS, ON, April 18, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) announced today that in connection with the creation of the non-voting and non-participating exchangeable shares in the capital of Canopy Growth (the "Exchangeable Shares"), on April 18, 2 ...

Among the unlikely winners that are once again seeing strong interest in today’s market, Canopy Growth (NASDAQ:CGC) is on a tear. Shares of CGC stock are up a whopping 25% in early afternoon trading, prompting questions of whether this stock is due for a short squeeze.With short interest as a percentage of the company’s float sitting at about 15%, it’s clear many in the market are taking the other side of this move. That said, when a stock is surging in this magnitude, short sellers can see their trades blo ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Marijuana banking reform could happen this year, but Canopy Growth won't turn profitable for five more years.Thursday is looking like a great day to own Canopy Growth (CGC 21.57%) stock -- and state legislators are to thank for it. Shares of the Canadian cannabis company are up a solid 20% on positive momentum for the passage of a SAFER law that would give marijuana businesses access to loans and other banking services.As Marijuana Moment reports today, the National Conference of State Legislatures (NCSL) j ...

Cannabis stocks to buy now could see higher highs, as we near the U.S. elections. For one, a growing number of Americans want to see legalization. In fact, according to Pew Research, about 88% of the country wants to see that happen. Two, with its popularity, any candidate that favorably mentions it, could see higher ratings. In addition, more U.S. states, such as Florida may be on the cusp of adult-use legalization. As noted by Benzinga.com, “At the beginning of April, the Florida Supreme Court proposed Am ...