Marijuana Penny Stocks

Cannabis legalization has been an issue on many ballots in the past decade, with several states opening up to recreational use legalization. US Vice President Kamala Harris called on the federal government to move "as quickly as possible" in terms of reclassifying cannabis from its current Schedule I classification. If any efforts are successful in doing so, what would the cannabis market look like and who would stand to benefit the most? Poseidon Co-Founder & Managing Partner Emily Paxhia joins Market Domination to give insight into potential new legislation around cannabis and what investors and consumers alike can expect moving forward. Paxhia outlines the current efforts to change cannabis legislation in the US: "Importantly with cannabis legalization, we have several efforts running down the field. There is the rescheduling efforts, and we are hoping to see something come out of that soon. There's also the continued and loud discussions around banking reform in the legislative branch but we've also introduced a path through the judicial branch working with Boies Schiller Flexner [LLP] to challenge the 2004-2005 case on Raich Vs Gonzales which about the Commerce Clause."She continues by affirming: "Interestingly things that are catalytic that change the volume of capital flowing into the industry are very top down. We hear from investors that are paying attention to these federal reform signals, but what we are also really interested in is the state-to-state catalysts that really actually open up the markets and improve the business fundamentals." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino

Although the cannabis market globally may have missed investors’ expectations, with stocks not living up to their hype, I believe that emerging cannabis markets hold much promise. Many countries and U.S. states have recently legalized or decriminalized cannabis for medical or adult recreational use. This has opened up new consumer bases and allowed new businesses to enter the space. Compared to the more mature and saturated North American market, these emerging markets are still in the early sta

Shares of cannabis company Tilray Brands (TLRY) are sliding in Tuesday's pre-market trading and into the session open after reporting a fiscal third-quarter revenue miss. The cannabis-pharmaceutical stock, which is still regarded as a meme stock, has seen year-to-date gains of over 12%. Morning Brief Anchors Seana Smith and Jared Blikre monitor Tilray's stock, comparing it to the overall performance of the cannabis industry in 2024. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.

CHICAGO, March 26, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announces March income distributions for its ETFs. ETF NameTickerAmount per ShareEx-DateRecord DatePayable DateAmplify AI Powered Equity ETFAIEQ$0.150383/26/20243/27/20243/28/2024Amplify Travel Tech ETFAWAY$0.024733/26/20243/27/20243/28/2024Amplify Cash Flow Dividend Leaders ETFCOWS$0.048683/26/20243/27/20243/28/2024Amplify CWP Enhanced Dividend Income ETFDIVO$0.154883/26/20243/27/20243/28/2024Amplify Video Game Tech ETFGAMR$0.016063/26/20

If you’re looking for Wall Street’s favorite cannabis stocks, you’re most likely to find them amongst the holdings of the AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS), the largest U.S.-listed cannabis exchange traded fund (ETF). MSOS is an actively managed ETF with just under $1 billion in net assets. Its net assets are more than four times those of the next largest fund, Amplify Alternative Harvest ETF (NYSEARCA:MJ), with $243 million in net assets. If you’ve held MSOS since its launch in

Well-known ETFs complement Amplify’s existing lineup of income, core, and thematic ETFsCHICAGO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announced today it has completed its previously announced acquisition of ETF Managers Group (ETFMG) exchange-traded fund (ETF) assets, which consist of over $3.7 billion of assets under management (AUM) across 14 ETFs (as of 1/26/2024). Amplify ETFs will now manage $9.1 billion of AUM as of 1/26/2024. “The completion of Amplify’s first sizable ETF acquisi

As 2023 concludes, a deeper dive into market performance reveals the Nasdaq 100 (^NDX) was a key index to watch, housing outstanding annual performances by tech leaders Tesla (TSLA) and Meta (META). Yahoo Finance Markets Reporter Jared Blikre takes a closer look at the aspects of the stock market that stood out, including bitcoin (BTC-USD) and meme stocks, in his year-in-review analysis. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

A fresh wave of investment opportunities emerges as the SAFE Banking Act is reintroduced to Congress, promising brighter prospects for marijuana stocks and ETFs.