Weed Stocks BIG NEWS!! WHY EVERYONE IS BUYING APHRIA (APHA)!
HUGE News came out that will benefit Pot stocks for the next few years!
Biden’s presidency is expected to support decriminalization of marijuana.
Aurora Cannabis (NYSE:ACB) (+28%), Tilray (NASDAQ:TLRY) (+18%), Canopy Growth (NYSE:CGC) (+7%), Cronos Group (NASDAQ:CRON) (+13%), Aphria (NASDAQ:APHA) (+8%), Hexo (NYSE:HEXO) (+17%), ETFMG Alternative Harvest ETF (NYSEARCA:MJ) (+6%).
Recreational and medical use in key states include:
Alaska, Arizona, California, Colorado, District of Columbia, Illinois, Maine, Massachusetts, Michigan, Montana, New Jersey, Nevada, Oregon, South Dakota, Vermont and Washington have legalized adults of age 21 and over to possess marijuana.
In addition, these 20 states have legalized just medical marijuana: Arkansas, Connecticut, Delaware, Florida, Hawaii, Louisiana, Maryland, Minnesota, Mississippi, Missouri, New Hampshire, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, Utah, West Virginia.
Laws about possession, distribution, personal cultivation, and concentrates differ across state lines.
Exchange-traded funds tracking the space have also soared over that time frame, with one of the biggest winners being the Amplify Seymour Cannabis ETF (CNBS), +20% from Jan. 2020 to November 2020 and AdvisorShares Pure Cannabis ETF (YOLO) +23% YTD.
“The dynamics in the cannabis sector are really extraordinary,” he told CNBC’s “ETF Edge” l
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