It was a relatively slow week for the cannabis industry. While broader markets surged on the transition of power in the U.S., cannabis stocks were slightly down.
ETFs were mostly in the red. Over the last five trading days:
- The ETFMG Alternative Harvest ETF (NYSE:MJ): lost 2.1%
- The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): closed the week almost flat.
- The Cannabis ETF (NYSE:THCX): tumbled 3%
- The Amplify Seymour Cannabis ETF (NYSE:CNBS): gained 0.7%
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 2.15%
Among the major news of the week was Aleafia Health (TSX:AH) (OTCQX:ALEAF) partnership with trade union Unifor – Canada’s largest private union, serving more than 300,000 members. The goal is to “support union members, retirees and their eligible dependents who receive medical cannabis insurance coverage through Unifor’s collective bargaining agreements.” Aleafia will serve union members and their families through its network of medical cannabis clinics, products, and scheduled same day delivery, according to Aleafia CEO Geoffrey Benic.
Benzinga Cannabis content is now available in Spanish on El Planteo.
Regulatory Updates
Michigan‘s Racial Equity Advisory Workgroup released recommendations to encourage more diverse…
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It was a relatively slow week for the cannabis industry. While broader markets surged on the transition of power in the U.S., cannabis stocks were slightly down.
ETFs were mostly in the red. Over the last five trading days:
- The ETFMG Alternative Harvest ETF (NYSE:MJ): lost 2.1%
- The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): closed the week almost flat.
- The Cannabis ETF (NYSE:THCX): tumbled 3%
- The Amplify Seymour Cannabis ETF (NYSE:CNBS): gained 0.7%
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 2.15%
Among the major news of the week was Aleafia Health (TSX:AH) (OTCQX:ALEAF) partnership with trade union Unifor – Canada’s largest private union, serving more than 300,000 members. The goal is to “support union members, retirees and their eligible dependents who receive medical cannabis insurance coverage through Unifor’s collective bargaining agreements.” Aleafia will serve union members and their families through its network of medical cannabis clinics, products, and scheduled same day delivery, according to Aleafia CEO Geoffrey Benic.
Benzinga Cannabis content is now available in Spanish on El Planteo.
Regulatory Updates
Michigan‘s Racial Equity Advisory Workgroup released recommendations to encourage more diverse…
