Investors Embrace Pot Stocks as Marijuana Continues to go Mainstream — High Times

THC is not recommended for pregnant women

THC is not recommended for pregnant women

Tilray's moves have been wackier than anything Harold and Kumar experienced on their trip to White Castle or Seth Rogen and James Franco's adventures in "Pineapple Express".

The company's shares have jumped by as much as 1,600 per cent since it began trading on the NASDAQ exchange in July. Tilray had just $20 million in revenue a year ago, but with a market valuation of about $16 billion, it's now more valuable than Tiffany. The company had $20 million in sales in 2017, but it's now worth considerably more than Macy's or Hasbro.

Reefer Madness has gripped Wall Street.

Pharmaceutical companies have to start thinking about partnering with cannabis companies as a "hedge" against the burgeoning marijuana industry, Tilray TLRY CEO Brendan Kennedy told CNBC on Tuesday. So it might make sense for pharmaceutical firms to invest in cannabis.

The drastic swings in the stock follow a almost 30 per cent jump on Tuesday after the Nanaimo, B.C. - based firm announced it got the green light from the U.S. Drug Enforcement Administration to export cannabis in capsule form to a researcher at a university in the U.S., where the drug is still illegal at the federal level.

The drug will be used in a clinical trial at the University of California San Diego for the treatment of essential tremor, a neurological disorder.

Shares of other marijuana-related stocks also rose, with Cronos Group Inc (CRON.O) up 24.827 percent.

Boat capsizes off WA coast, leaving solo yacht sailor injured
Race organisers are working closely with the Australian Rescue Co-ordination Center in Canberra to reach the Indian naval officer. In 2013, Commander Abhilash Tomy of the Indian Navy became the first Indian to have circumnavigated the globe.

Legalization in Canada coming, but is the rally nearly over?

And on Monday, Aurora Cannabis soared more than 15% following a Bloomberg report suggesting the cannabis producer was in talks with Coca-Cola to develop beverages infused with CBD. He also noted that the company has set its sights on America, with Canada acting only as a stepping stone to the massive market south of the border.

But some experts worry that marijuana mania is another bubble in the making, just like dotcoms in the late 1990s, financial stocks in 2008 and bitcoin earlier this year. ETFs like this one have been hailed as being some of he most important stocks in the space given that they one; present a large amount of opportunity to investors who want exposure to the whole of the market.

"It left a sea of bodies, both longs and shorts, behind in its wake", Dave Lutz, managing director at JonesTrading, said by phone.

Even pot industry bulls are getting nervous.

It's easy to see why investors are so optimistic. Tapman calls it a "classic case of FOMO - the fear of missing out".

While cannabis is legalized in several states for recreational and medical use, it remains a Schedule 1 drug under US federal law. The fund is also comprised of numerous top biotech companies in the space which means that as new medicines are able to be made, the ETF can continue to reflect upon them. "But the projections are delusional".

Recommended News

  • Virgil Van Dijk injury: Dutch defender forced off against Southampton

    Virgil Van Dijk injury: Dutch defender forced off against Southampton

    He said: 'I couldn't shout anymore, ' so that's obviously 60 percent less of his level. "I didn't hear anything different". Van Dijk was seen on the bench later in the second half rather than in the dressing room receiving treatment.
    Rogue shark unlikely cause of Qld attacks

    Rogue shark unlikely cause of Qld attacks

    A 12-year-old New Zealand girl holidaying with her father and sister received a life-threatening wound to her leg yesterday. Surgeons are attempting to save Justine Barwick's leg and she may need to learn how to walk again.
    Report Finds Faster Response 'Might Have Changed Things' For College Football Player

    Report Finds Faster Response 'Might Have Changed Things' For College Football Player

    Durkin was placed on leave last month after allegations that he engendered a culture of bullying and humiliation. McNair, a freshman offensive lineman, was hospitalized on May 29 after collapsing during a team workout.
  • Osaka blazes into Pan Pacific Open quarterfinals

    Osaka blazes into Pan Pacific Open quarterfinals

    The 75th-ranked Riske won three break points in the opening set on her way to a 6-1, 6-2 victory over the Spaniard, now ranked 14. The local favorite raced out to a 4-0 lead before Cibulkova finally held to win her first game. "My first match (since the U.S.
    Rahul Gandhi questions PM’s silence even after Hollande comments on Rafale deal

    Rahul Gandhi questions PM’s silence even after Hollande comments on Rafale deal

    The Congress chief has been repeatedly targeting the government over the fighter aircraft deal, alleging corruption and cronyism. Hollande was quoted as saying Narendra Modi's government had influenced the choice of a local partner. "We had no choice".
    Rain, floods still in Florence's forecast — WHAT'S HAPPENING

    Rain, floods still in Florence's forecast — WHAT'S HAPPENING

    Downgraded from a tropical depression, the deadly storm still had abundant rain and top winds around 25 miles per hour (40 kph). A state of emergency was declared in Tioga County due to flash flooding, according to the Ithaca Journal on September 18.
  • Nestle to examine "strategic options" for skin health unit

    A sale could fetch as much as 8 billion francs, estimates Alain Oberhuber, an analyst at MainFirst. Last year, Nestle started restructuring the business, cutting jobs and closing a factory.
    Now Australian authorities are clamping down on ICOs

    Now Australian authorities are clamping down on ICOs

    The likes of Facebook , Google, Twitter and Snapchat have all banned cryptocurrency-related advertising from their platforms. The UK government's Treasury Committee this week released a report calling the cryptocurrency market a "Wild West situation".
    Jürgen Klopp wants Liverpool to become ‘ugliest team’ to play against

    Jürgen Klopp wants Liverpool to become ‘ugliest team’ to play against

    He is in a good shape, actually, and then finishing is never something you can take for granted. It is completely normal everyone expects that". "We don't expect that".
  • Gamers alert! Spider-Man PS4 smashes records like a boss!

    The open-world NY city gameplay in the new game features plenty of Marvel easter eggs and real-life landmarks. Uncharted 4: A Thief's End held the record before that, with 2.7 million copies sold in the first week.
    Rail timetable chaos inquiry concludes 'nobody took charge'

    Rail timetable chaos inquiry concludes 'nobody took charge'

    The company added it was "deeply sorry" for the disruption, saying it had reinstated 151 of the 165 services hit by the problems. The Office of Rail and Road (ORR) blamed a lack of "responsibility and accountability" and said passengers were "badly treated".
    Mourinho led the way for Portuguese managers, says Nuno

    Mourinho led the way for Portuguese managers, says Nuno

    Alexis Sanchez will play for Manchester United against Wolves after Anthony Martial played 90 minutes in the Champions League , says Jose Mourinho . "Yes, yes, yes.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.