BLUMA WELLNESS INC by Bluma Wellness Inc. (BMWLF), CURALEAF HLDGS INC by Curaleaf Hldgs Inc. (CURLF), GW Pharma (GWPH), Red White & Bloom Brands (RWBY…

Cannabis stocks widely outperformed the markets after a slew of financing deals and strong earnings reports.

“The cannabis industry is off to a great start this year with New York state pushing hard for legalization,” Green Market Report editor-in-chief Debra Borchardt said. “In addition to that several companies like GrowGeneration and GW Pharmaceuticals reported stellar earnings. Plus, Subversive Capital closed on the largest SPAC in the industry. Hopefully, the good news in 2021 will continue unlike the curveball thrown at us in 2020.”

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

  • The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 18%
  • The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up almost 12%
  • The Cannabis ETF (NYSE:THCX): rose 18.4%
  • The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 13.9s%
  • The SPDR S&P 500 ETF Trust (NYSE:SPY) was down 1.57%

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

Cannabis sales in Michigan hit $984.6 million in 2020. Medical cannabis sales accounted for $474 million for the year, while adult-use sales reached $510.7 million.

Rhode Island and the Soboba Band of Luiseno Indians received approvals from the U.S. Department of Agriculture (USDA) for its hemp regulatory proposals.

The Christmas and New Year’s holidays marked the single…

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Cannabis stocks widely outperformed the markets after a slew of financing deals and strong earnings reports.

“The cannabis industry is off to a great start this year with New York state pushing hard for legalization,” Green Market Report editor-in-chief Debra Borchardt said. “In addition to that several companies like GrowGeneration and GW Pharmaceuticals reported stellar earnings. Plus, Subversive Capital closed on the largest SPAC in the industry. Hopefully, the good news in 2021 will continue unlike the curveball thrown at us in 2020.”

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

  • The ETFMG Alternative Harvest ETF (NYSE:MJ): gained almost 18%
  • The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up almost 12%
  • The Cannabis ETF (NYSE:THCX): rose 18.4%
  • The Amplify Seymour Cannabis ETF (NYSE:CNBS): advanced 13.9s%
  • The SPDR S&P 500 ETF Trust (NYSE:SPY) was down 1.57%

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

Cannabis sales in Michigan hit $984.6 million in 2020. Medical cannabis sales accounted for $474 million for the year, while adult-use sales reached $510.7 million.

Rhode Island and the Soboba Band of Luiseno Indians received approvals from the U.S. Department of Agriculture (USDA) for its hemp regulatory proposals.

The Christmas and New Year’s holidays marked the single…

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