Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
Author: Sushree Mohanty
Sushree Mohanty first joined Market Realist in 2015. She covered macroeconomics, consumer stocks, and the real estate sector. Currently, Sushree covers the cannabis industry. She has a bachelor's degree in business management, specializing in finance, and is a CFA Level 2 candidate. Sushree also has four years of work experience in retail and operations management.
Cronos Group (CRON) stock rose 33% with a heavy volume in after-hours trading on Wednesday. Marijuana stocks are on a rollercoaster ride.
Aphria (APHA) reported impressive results for the first quarter of fiscal 2020 on Tuesday. The stock has gained 9.6% since its earnings.
Two Pennsylvania senators introduced a comprehensive marijuana legalization bill on Tuesday. Senator Daylin Leach and Sharif Street introduced the bill.
Cannabis legalization has taken a back seat in the US. Since the last Democratic debate, there hasn't been much discussion about federal legalization.
Cannabis stocks see dark clouds looming. The week ending on October 11 was disastrous for the sector. Hexo stock fell after it withdrew its fiscal 2020 outlook.
On Thursday, Canopy Growth announced that Constellation’s CFO David Klein will be the new chairman of its board effective immediately.