Stay updated with breaking news from Advisorshare Pure. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Innovative Industrial Properties Inc (NYSE:IIPR) is one of the best U.S. pot stocks. IIPR stock is at record levels and is set to keep rising. The real estate company has a rock-solid balance sheet, it reported double-digit revenue and earnings growth, and it once again raised its dividend.
The US cannabis business has a very particular cash flow problem – too much of it. Marijuana can be sold legally in 36 US states and the District of Columbia (DC) for medical use and in 15 of them and in DC for recreational purposes. But it is still illegal on a federal level, meaning most banks refuse to service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic and increasing legalisation driving a surge in cannabis use, the sector’s producers, manufacturers and retailers are awash in cash, adding risk and costs to the most basic business transacti...
US pot sellers stash piles of cash as banks refuse them Reuters The US cannabis business has a very particular cash flow problem — too much of it. Marijuana can be sold legally in 36 US states and the District of Columbia for medical use and in 15 of them and the district for recreational purposes, but it is still illegal on a federal level, meaning most banks do not service the industry in case they fall afoul of money laundering laws. With the COVID-19 pandemic and increasing legalization driving a surge in cannabis use, the sector’s producers, manufacturers and retailers are awash in c...
This week, cannabis stocks experienced quite a bit of volatility amid a slew of big news items. On Monday, New Jersey Gov. Phil Murphy signed a trio of adult-use cannabis reform bills, making recreational marijuana legal and regulated for adults 21 years and older, while also decriminalizing the possession among all inhabitants of the state. Following the news, Cantor Fitzgerald analyst Pablo Zuanic recommended investors to keep an eye on three companies with a large presence in the Garden State — Curaleaf Holdings Inc. (OTCQX: CURLF), Green Thumb Industries Inc. (OTCQX:GTBIF) and ...
"There's a lot of excitement surrounding the cannabis investment space right now and for a variety of a reasons," Dan Ahrens says. Ahrens is the portfolio manager AdvisorShare Pure US Cannabis ETF (NYSEARCA: MSOS), the first U.S.-listed ETF that concentrates only on... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: