ACB News

Discover how cannabis stocks like Tilray, High Tide, and Glass House adapt strategies amid election uncertainty and market volatility.

Cannabis stocks drop amid broader market downturn and election uncertainty, with major players like Tilray and Aurora Cannabis w/ losses.

The trading volume of a stock reflects the number of shares bought and sold within a given time. This is called liquidity. The term is used because it likens the ease of converting assets to cash to the fluidity of water. Why is this important for cannabis stocks?

Four lesser-valued cannabis stocks showed positive performance on Monday, defying the broader sector's downtrend. These stocks—Medical Marijuana Inc., TILT Holdings, Trees Corp., and Village Farms International —present potential investment opportunities.

The Department of Justice (DOJ) confirmed that it has started the formal rulemaking process to reclassify cannabis to Schedule III. This significant step reinforces the positive outlook for cannabis stocks.

The Department of Justice reportedly planned to issue a notice of proposed rulemaking on Thursday that would reclassify marijuana to Schedule III after a 60-day public comment period. Major players in the marijuana industry, including Canopy Growth, Aurora Cannabis and Tilray Brands, shares rose Thursday on the long-awaited news, but the rally has since cooled.

Cannabis companies and advocates applaud President Biden's announcement to reschedule and legalize cannabis, calling it a major leap forward and opportunity to correct long-standing wrongs and improve the industry's cashflow.

Shares of marijuana growers and related companies are trading higher Thursday after President Biden announced that the Department of Justice has moved to reclassify marijuana from a Schedule I substance to a Schedule III.

Biden announces plan to reclassify marijuana from Schedule I to III, reversing inequities and removing barriers for Americans. Cannabis stocks rise.

Village Farms International Inc (NASDAQ: VFF) CEO Michael Degiglio discussed the difficult Canadian Cannabis market and the opportunities it may create at the Benzinga Cannabis Capital Conference in Chicago on Wednesday.

GAINERS: Icanic Brands (OTC:ICNAF) shares closed up 9.79% at $0.08

Top CEOs, investors and leaders in the cannabis industry will soon convene at the Benzinga Cannabis Capital Conference on Sept.

Norway's $1.2 trillion sovereign wealth fund will not invest directly or indirectly in four Canadian cannabis stocks because they produce recreational marijuana, which remains illegal within its borders.

Terry Booth, the founder of Aurora Cannabis Inc. (NASDAQ: ACB) has joined Akanda Corp. (NASDAQ: AKAN) as a chair of Akanda’s newly formed advisory board.

GAINERS: Nine Energy Service (NYSE:NINE) shares closed up 15.71% at $3.24

Several large cannabis operators announced their earnings release dates and conference calls.

GAINERS: MGC Pharmaceuticals (OTC:MGCLF) shares closed up 5.91% at $0.02

GAINERS: GrowGeneration (NASDAQ:GRWG) shares closed up 9.14% at $6.45

GAINERS: GreenTree Hospitality Gr (NYSE:GHG) shares closed up 11.87% at $4.50