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Stories published on May 17
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  • Stories published on May 17

Friday, May 17

23

Remembering Michael Berger And His Impact On The Cannabis Industry

www.benzinga.com

Michael Berger, founder of Technical420, managing partner of StoneBridge Partners and the beloved maven behind Benzinga Cannabis Research, our cannabis stock analysis and trading subscriber-only platform, tragically passed away last…

17

What's Going On With Cannabis-Producer Akanda's Stock?

www.benzinga.com

The Department of Justice reportedly planned to issue a notice of proposed rulemaking on Thursday that would reclassify marijuana to Schedule III after a 60-day public comment period. Major players in the marijuana industry, including…

15

Tilray to sell a large block of stock as it preps for cannabis reclassification

www.marketwatch.com

Tilray Brands is getting ready for marijuana to be reclassified as a less dangerous drug in the U.S., as the cannabis company is looking to raise money through the sale of shares so it can expand.

Thursday, May 16

23

21

Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous

www.marketwatch.com

Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gains

Weed Stocks Rally After Biden Makes Marijuana Reclassification Announcement

www.benzinga.com

Shares of marijuana growers and cannabis-related companies are trading higher Thursday after President Biden announced that the Department of Justice has moved to reclassify marijuana from a Schedule I substance to a Schedule III.

Wednesday, May 15

17

U.S. cannabis-dispensary operator Cresco Labs posts narrower loss as revenue dips

www.marketwatch.com

Cresco Labs Inc.’s stock rose Wednesday after the U.S. cannabis-dispensary operator matched analyst estimates for first-quarter revenue, as its loss narrowed.

Tuesday, May 14

00

Largest Cannabis Co. Curaleaf's $1.5B Projected Revenue For 2025: Analyst Raises Rating To Outperform

www.benzinga.com

Wedbush Securities released a report on Curaleaf Holdings, Inc. (OTC: CURLF), the largest U.S. cannabis company by market cap, raising the stock's 12-month price target to $7.00 from $6.00 and maintaining a buy recommendation (Outperform…

23

16

Analysts May Need To Revise Cannabis Stock Projections For 2024: 10 Companies Surpass EBITDA Estimates By $37M

www.benzinga.com

Cannabis equity analysts may need to revise their 2024 earnings estimates after first-quarter results from major multi-state operators (MSOs). According to a recent report by Viridian Capital Advisors, 10 MSOs surpassed EBITDA estimates by…

Monday, May 13

13

Thursday, May 9

23

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Cronos’s stock leaps as strong cannabis-flower sales lead to record revenue

www.marketwatch.com

Shares of Cronos Group Inc. traded sharply higher Thursday after the cannabis company, citing strength in flower sales, reported first-quarter revenue that rose to a record and beat expectations.

Wednesday, May 8

23

21

Investors wary of US cannabis ETFs despite recent rally

www.foxbusiness.com

Marijuana ETFs and cannabis stocks shot higher last week after the U.S. Justice Department said it plans to reclassify marijuana as a less dangerous drug.

16

Aurora Cannabis: Medical Market In Focus, Golden Cross Suggests Stock Uptrend Ahead Of Q1 Earnings

www.benzinga.com

Aurora Cannabis' "Golden Cross" pattern is a bullish signal and comes as marijuana market conditions improve across various states

13

Tuesday, May 7

20

DEA And Cannabis Rescheduling: A Rollercoaster Ride You Don't Want To Miss, But Keep Your Seatbelts On

www.benzinga.com

Last Tuesday's breaking news of cannabis rescheduling drove the cannabis industry into overdrive with elated thoughts from tax relief to soaring marijuana stocks to cannabis scientists presuming they no longer have to keep their research…