Advanced Cannabis Solutions (CANN), Canopy Growth Corp (CGC), Integrated Cannabis (ICNAF), JUSHI HLDGS INC CL B by Jushi Holdings Inc. (JUSHF), Subver…

Cannabis stocks skyrocketed this week, aided by the Democratic victory in the Georgia runoff election.

There was also Gov. Andrew Cuomo’s proposal for a legal cannabis program across New York State. It would allow adults over the age of 21 to buy marijuana at state-approved dispensaries, generating roughly $300 million in annual tax revenue.

We also learned that the state of Illinois revealed that more than $1 billion worth of cannabis were sold in 2020, with almost $670 million coming from adult-use sales.

Meanwhile, ETFs were all up by double digits. Over the last five trading days:

  • The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 17%
  • The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 15.9%
  • The Cannabis ETF (NYSE:THCX): rose 20.7%
  • The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 18.1%
  • The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 1.82%

Benzinga Cannabis content is now available in Spanish on El Planteo.

Jeff Siegel explained why the psychedelics market is not cannabis 2.0.

We spoke with Aphria (NASDAQ:APHA) CEO Irwin Simon following the Tilray (NASDAQ:TLRY) merger announcement. He walked us through the companies’ ambitions in the beverages and international markets, big partnerships, cash flow, and more. Click here for the full interviewe.

Financings And M&A

Canopy Rivers (OTC:CNPOF) sold its 49% common equity…

Cannabis stocks skyrocketed this week, aided by the Democratic victory in the Georgia runoff election.

There was also Gov. Andrew Cuomo’s proposal for a legal cannabis program across New York State. It would allow adults over the age of 21 to buy marijuana at state-approved dispensaries, generating roughly $300 million in annual tax revenue.

We also learned that the state of Illinois revealed that more than $1 billion worth of cannabis were sold in 2020, with almost $670 million coming from adult-use sales.

Meanwhile, ETFs were all up by double digits. Over the last five trading days:

  • The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 17%
  • The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 15.9%
  • The Cannabis ETF (NYSE:THCX): rose 20.7%
  • The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 18.1%
  • The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 1.82%

Benzinga Cannabis content is now available in Spanish on El Planteo.

Jeff Siegel explained why the psychedelics market is not cannabis 2.0.

We spoke with Aphria (NASDAQ:APHA) CEO Irwin Simon following the Tilray (NASDAQ:TLRY) merger announcement. He walked us through the companies’ ambitions in the beverages and international markets, big partnerships, cash flow, and more. Click here for the full interviewe.

Financings And M&A

Canopy Rivers (OTC:CNPOF) sold its 49% common equity…

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