While the coronavirus pandemic has wreaked havoc on many industries around the world, the weed industry proved to be antifragile and grew in the period amid rising sales, legalization, medical and recreational benefits.
The growing acceptance of marijuana in society and the legalization of cannabis both for medical and recreational use are the major growth catalysts driving the cannabis industry.
During the Covid-19 pandemic, marijuana stocks performed well as legalization spread to more states and more people started cultivating cannabis at home.
Investors are watching Jazz Pharmaceuticals after the company completed its $7.2 billion acquisition of GW Pharmaceuticals.
If you are looking to diversify your weed stock portfolio, buying shares of Innovative Industrial Properties, Inc.
On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017.
Ranking 9th on the list of the best weed stocks to buy now is Canadian cannabis producer HEXO Corp.
Ranking 8th in our list of 10 best weed stocks to buy now is one of the world’s top cannabis producers Aurora Cannabis Inc.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment management firm Levin Capital Strategies is a leading shareholder in the firm with 10,333 shares worth more than $96,000.
Cronos Group Inc.’s weed portfolio includes hemp-derived CBD brands PEACE+, Lord Jones, and Happy Dance, two adult-use brands Spinach and COVE, and a global wellness platform, PEACE NATURALS.
The stock is currently undervalued according to Raymond James analyst Rahul Sarugaser because its 2018 cannabinoid biosynthesis investments are about to takeoff probably by the third quarter of 2021, as announced by CEO Kurt Schmidt.
At the end of the fourth quarter of 2020, 11 hedge funds in the database of Insider Monkey held stakes of Cronos Group Inc.
Founded in 2018, the company is a global cannabis lifestyle and consumer packaged goods producer operating in Canada, the US, Europe, Australia, and Latin America.
At the end of the fourth quarter of 2020, 17 hedge funds in the database of Insider Monkey held stakes of Tilray, Inc.
The investment management firm is known for its high-flying ETFs, which have experienced phenomenal returns over the past year.
A Psychedelic Drug Passes a Big Test for PTSD Treatment A New Study Shows That MDMA, Known as Ecstasy or Molly, Can Bring Relief When Paired With Talk Therapy to Those With Severe Post-Traumatic Stress Disorder In an important step toward medical approval, MDMA, the illegal drug popularly known as Ecstasy or Molly, was shown to bring relief to those suffering from severe post-traumatic stress disorder when paired with talk therapy.
Wood, whose flagship fund suffered its largest outflows on record last week, said in a webinar Tuesday that she sees spiking commodity prices as a sign that businesses are double or triple ordering supplies as they try to restart their global supply lines.
— The surging cost of commodities to industries and households is a threat to China’s economic growth and the purchasing power of its citizenry.As prices soar for everything from the copper and steel used in construction, to the coal that heats homes and powers factories, to the corn that feeds animals, what can Beijing do to control the record-breaking rally?The answer is complicated by several factors, including policies on pollution and imports that have only served to exacerbate supply constraints.
senator on Tuesday asked the chief executives of Toshiba America Electronic Components, Seagate Technology, and Western Digital Corp if the companies are improperly supplying Huawei with foreign-produced hard disk drives.
BEIJING -China should implement its commitments to equal treatment for foreign business and abandon “implicit” guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China said on Tuesday.
Last week, he told lawmakers that the cryptocurrency market “could benefit from greater investor protection.”On Tuesday, the SEC said it would “consider whether, in light of the experience of mutual funds investing in the Bitcoin futures market, the Bitcoin futures market could accommodate ETFs.” The agency also said staff would:Scrutinize the Bitcoin futures market to judge whether it “appropriately” supports mutual fund investments in the derivativesLook at funds’ ability to liquidate their derivatives in the cryptocurrencyReview funds’ valuations of holdingsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Signs of a maturing credit market have helped Chinese officials’ effort to refocus on financial risks in areas like asset prices and debt levels.Ultimately, more defaults are part of a healthy credit market with a genuine high-yield onshore sector and adequate pricing of risk, according to Jean-Charles Sambor, head of emerging-market debt at BNP Paribas Asset Management.“Policy makers are willing to draw a line in the sand between what is systemic and what is not,” he said.
Wall Street’s main indexes fell on Tuesday, led by tech-related stocks, as investors feared that rising inflation could push the Federal Reserve to tighten monetary policy faster than expected.