Markets

Cannabis stocks tumble from multi-year highs as Reddit-fuelled rally loses steam

Cannabis stocks plunged on Thursday as optimism around federal decriminalization and Reddit-trader bullishness faded to profit-taking. Tilray, Aphria, Aurora Cannabis, Cronos, and Canopy Growth all slid amid the broad sell-off. Members of the Wall Street Bets Reddit page had been cheering the stocks higher as they did with GameStop in […]
Cannabis stocks tumble from multi-year highs as Reddit-fuelled rally loses steam
Markets

Pot stocks rally on renewed hopes for near-term legalization

Cannabis stocks soared on Wednesday amid new hope for near-term legalization in the US. President Biden and Democrats have indicated they aim to decriminalize the drug at the federal level. The CEOs of Tilray and Canopy Growth said Tuesday they expect legalization in 2021 or early 2022. Sign up here […]
Pot stocks rally on renewed hopes for near-term legalization
Markets

Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.

Short-sellers betting against the cannabis sector have made $US993 million in mark-to-market gains year-to-date, according to a Wednesday note from financial-analytics provider S3 Partners. Those gains come even after solid sector performance erased $US132 million from short-seller profit in December on the 20 stocks that were most shorted, according to […]
Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.