Medical Marijuana Program Connection

The Week In Cannabis: Stocks Skyrocket As Markets Rise, Jay-Z's New Mega Venture And More

MMP News AuthorNovember 29, 2020

In a four-day week where markets were on the rise, cannabis stocks proved to be big winners. Late Friday, stocks surged on news that a federal marijuana legalization bill will get a congressional vote next week. During the holiday week: The ETFMG Alternative Harvest ETF (NYSE:MJ): gained 12% The AdvisorShares Pure ... Read More

House To Vote On Kamala Harris Bill Which Would Legalize Marijuana Next Week

MMP News AuthorNovember 27, 2020

The U.S. House of Representatives will reportedly vote on a bill next week that would legalize marijuana and expunge prior criminal convictions related to marijuana. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act, introduced by Vice President-elect Kamala Harris in 2019, would remove marijuana from the schedule of controlled substances ... Read More

The Week In Cannabis: Stocks Outperform S&P, Mexico Moves Forward, Earnings, And More

MMP News AuthorNovember 21, 2020

Cannabis stocks outperformed the S&P 500 this week. Over the last five trading days: The ETFMG Alternative Harvest ETF (NYSE:MJ): gained 2.5% The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was up 2.6% The Cannabis ETF (NYSE:THCX): advanced 2.7% The Amplify Seymour Cannabis ETF (NYSE:CNBS): rose 4.2% The SPDR S&P 500 ETF ... Read More

Marijuana Sales Jumped Nationwide on Election Week

MMP News AuthorNovember 14, 2020

If you found yourself relieving the stress of voting by indulging in marijuana, you weren’t alone. Online dispensary orders across the country more than doubled on election day, according to marijuana e-commerce company I Heart Jane. And even though Coloradans were able to vote by mail, this state experienced its own major bump. ... Read More

The Week In Cannabis: Stocks Down Amid Earnings Season, Argentina Regulates Medical Marijuana

MMP News AuthorNovember 14, 2020

Cannabis stocks were back in the red this week, retreating from post-election highs amid an earnings-heavy period. Over the five trading days of the week: The ETFMG Alternative Harvest ETF (NYSE:MJ): lost 5.2% The AdvisorShares Pure Cannabis ETF (NYSE:YOLO): was down 1.5% The Cannabis ETF (NYSE:THCX): tumbled 4.6% The Amplify ... Read More

These are the states voting this week to legalize marijuana

MMP News AuthorNovember 1, 2020

WASHINGTON (NEXSTAR) — As voters head to the polls to select the next president, residents of five states will decide whether to legalize medical or recreational marijuana. Right now, 33 states have legalized medical cannabis, according to CNN. 11 of those states have legalized marijuana for recreational use. In 2016, ... Read More