Cannabis Stocks, DNC Convention and Market Outlook This Week
As investors observed the market performance from last week, the top-performing cannabis stocks that stood out were GrowGeneration Corp (NASDAQ: GRWG), Verano Holdings (OTC: VRNOF), Cresco Labs (OTC: CRLBF), Jushi Holdings (OTC: JUSHF), and Organigram Holdings Inc. (NASDAQ: OGI).
Heading into this week, here is what cannabis investors should be focusing on:
- The Democratic National Convention (DNC): scheduled to take place in Chicago during the upcoming week, it has become a focal point for the cannabis industry. As discussions around cannabis legalization and policy reforms potentially unfold at the DNC, investors should pay attention to rescheduling news, and also any positive mentions or support for cannabis reform.
- Vice President Kamala Harris: is scheduled to address the DNC convention on Thursday night, shedding light on her stance on marijuana legalization and policy. Anticipated to advocate for cannabis reform and social justice, her remarks could influence market sentiment within the cannabis industry.
- Donald Trump Press Conference: Investors are closely monitoring whether a statement from Donald Trump regarding Amendment 3 in Florida will be coming. The upcoming adult-use cannabis vote in Florida during Election Night adds another layer of significance for the industry, with implications for market dynamics and investor sentiment.
Stay updated throughout the week starting with our latest Trade To Black podcast on Monday at 4pm EST, featuring Anthony Varrell and Dan Ahrens from AdvisorShares as they delve into insights on the cannabis industry for the week.
Read more cannabis news on the TDR Website!
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