As we near the end of the first half of 2021, we can see cannabis stocks traded mostly up by double digits, with the Amplify Seymour Cannabis ETF (NYSE:CNBS) delivering gains of more than 50% year-to-date.
This week, however, stocks posted mixed performances.
Over the five trading days of this week:
The ETFMG Alternative Harvest ETF (NYSE:MJ): gained 2.5%. The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): advanced 0.66%. The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS): dropped 1.9%. The Cannabis ETF (NYSE:THCX): was up 0.5%. The Amplify Seymour Cannabis ETF (NYSE:CNBS): gained 2.5%. The SPDR S&P 500 ETF Trust (NYSE:SPY) closed the week up 0.39%.
On the policy front, a U.S. House Committee passed a bill that would enable researchers to analyze cannabis products from legal dispensaries. This new provision is part of a large transit bill, which has now passed the House Transportation and Infrastructure Committee, advancing to the full chamber for consideration.
Under the current law, scientists are allowed to use only limited amounts of cannabis formations that come from the only federally authorized source, the University of Mississippi.
On the road to capturing the Latino market George Sadler, CEO of Platinum Vape, announced on Thursday’s Benzinga