Marijuana stocks opened higher on Monday -- and granted, with stock markets glowing green across the board, it looks like pretty much everything opened higher. On Friday, Lester Black, a journalist who has covered the cannabis sector for many years, predicted in a column on the data-centric news site FiveThirtyEight that marijuana might very well be decriminalized "by the end of [President Biden's] current term in office." As you can imagine, this prediction was music to marijuana investors' ears -- maybe not immediately, in the middle of Friday's stock market sell-off -- but certainly on Monday as the market began to stabilize. Read More...
Marijuana stocks opened higher on Monday — and granted, with stock markets glowing green across the board, it looks like pretty much everything opened higher. On Friday, Lester Black, a journalist who has covered the cannabis sector for many years, predicted in a column on the data-centric news site FiveThirtyEight that marijuana might very well be decriminalized “by the end of [President Biden’s] current term in office.” As you can imagine, this prediction was music to marijuana investors’ ears — maybe not immediately, in the middle of Friday’s stock market sell-off — but certainly on Monday as the market began to stabilize.
