Tag: cannabis industry

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.

Hexo (HEXO) is having a hard time. As of 11:43 AM ET today, the stock has fallen 24%. The company announced that it's withdrawing its fiscal 2020 outlook.

Aurora Cannabis (ACB) strengthened its footing in the medical cannabis industry by launching a new product. The stock rose 2.1% in pre-market trading today.

Maine legalized recreational marijuana in 2016. It's now confirmed the state could see preferred marijuana products hitting the market by March 2020.

Despite the losses, Constellation Brands still has an optimistic outlook for Canopy Growth. The company is happy with Canopy Growth’s progress.

In 2012, Washington was the second state to legalize recreational marijuana. Now, the state plans to revamp its marijuana laws.

President Trump might be waiting to use cannabis as a key platform during the upcoming election. Cannabis is a hot sector right now!

The cannabis industry has been in the spotlight this year, and now the FBI is investigating allegations of corruption in this nascent industry.

The cannabis industry has become a favorite among investors. The industry saw a boom due to easing regulations. Major players have shown growth potential.