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Which Of These Marijuana Penny Stocks Are You Adding To Your Watchlist This Week?

Different Ways To Invest In Marijuana Stocks In 2021
There are many different top marijuana stocks that can give investors exposure to the growing cannabis industry.Â In May cannabis stocks have seemingly begun to regain some market value after several months of declines. One area that is considered a high-risk high reward part of the cannabis sector is top marijuana penny stocks. When we talk about penny stocks technically these are stocks trading below $5 a share. Â At the beginning of 2021 marijuana penny stocks saw the most upward momentum in the market.
In particular, after February 10th the cannabis sector began losing most of the gains it achieved in the first quarter. Currently many have settled around the price range they ended 2020 with and could hold future value. With better momentum for the cannabis sector in the first two weeks of May, top cannabis penny stocks could begin to see gains in the market. One factor that has a tremendous impact on marijuana s ....

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Are Canadian Cannabis Stocks Ready For A Rebound? 3 To Add To Your Watchlist Next Week

Canadian Cannabis Industry In May 2021
Are marijuana stocks setting up for a rebound in the market? Last week top cannabis stocks closed on Friday, May 14th showing upward momentum in trading. For more than two months the cannabis sector has been losing market value and trading near price points at the end of 2020. But May could be giving way to a market recovery for the cannabis sector.
For new investors, this could be a good time to look for pot stocks to watch for gains in 2021. One area that has been hit particularly hard over the past few months is Canadian cannabis stocks. Although recent earnings for most Canadian cannabis companies have missed expectations. The current market value for most of the Canadian cannabis sector could produce significant upside for investors. ....

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Cannabis Client Alert - Week of May 10, 2021 | Dentons

In this week’s edition:
US attorney general reaffirms that state-legal cannabis use is not a federal enforcement priority
State legislatures in Alabama, Kansas and Louisiana make progress on medical cannabis legislation
Tilray and Aphria complete merger deal, creating largest cannabis company in the world by revenue
And more…
Federal
Attorney General Confirms Cannabis Use Is Not a Justice Department Enforcement Priority - Attorney General Merrick Garland confirmed in a recent House subcommittee meeting that enforcement against cannabis use in states where it has been legalized is “not a good use of our resources” or a priority for the Department of Justice. In contrast, “transnational operations of large amounts coming from Mexico or transnational operators who are coming into the United States to do the growing . . . are certainly within” the department’s “jurisdiction” and “scope of concern.” ....

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The Week In Cannabis: Trulieve's $2.1B Acquisition, New ETF, Earnings, Federal Legalization And More

On Monday,
Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) announced it s purchasing
Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HRVSF) for roughly $2.1 billion in stock. Harvest shareholders will own roughly 26.7% of Trulieve s issued and outstanding pro forma shares on a fully diluted basis.
Commenting on the deal, Debra Borchardt, CEO of Green Market Report, told Benzinga, “The acquisition is likely to come with its fair share of headaches. Harvest Health has a mountain of debt and lots of lawsuits over various deals. Still Trulieve is certainly on a quest to become a nationwide company and this will certainly help pave the way.” ....

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BofA Analyst Bullish On Canopy Growth-Acreage Merger: It Could Bring Canopy Into The U.S.

BofA Analyst Bullish On Canopy Growth-Acreage Merger: It Could Bring Canopy Into The U.S.
Canadian cannabis giant
Canopy Growth Corp (NYSE: CGC) revealed in April that it was contemplating a deal to acquire multi-state operator
Acreage Holdings, Inc. (CSE: ACRG) (OTCQX: ACRDF) in a $3.4 billion deal, thus making it one of the largest cross-border cannabis mergers in the industry’s history
The acquisition would also open the market up to Canopy, in that Acreage is among the largest cannabis companies in the U.S., operating across 19 states. Furthermore, Canopy had already experienced challenges with U.S. regulations when seeking to merge or invest in American cannabis businesses. ....

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