So far this year the 18 largest “seed-to-sale” cannabis stocks has declined by 50.2% YTD (as of May 5th) while the stock prices of the 5 tobacco companies and 1 liquor company that have invested heavily in the cannabis industry have increased by 2.0% over the same period – and pay an average of 3.0% in dividend yields. [more]
The six main constituents were down 26.9% in April and are now down 54.2% YTD. The next four constituents were down 23.3% in April and are now down 47.1% YTD. [more]
U.S. federal legalization regarding the sale and financial administration of cannabis companies still faces hurdles but state-level momentum is projected to continue this year. Below is the performance in April and YTD of the 13 largest American Multi-State Operators (MSOs) as tracked by the munKNEE Pure-play American MSO Pot Stock Index. [more]
The munKNEE Pure-Play Plant-Based Food Stocks Index is down 17.4% so far this month and is now down 45.9% YTD and down 77.5% from its peak in 2021. [more]
It is important to fully understand the growing importance of ESG (environmental, social and governance) investing and the many different ETFs that are available to invest in and this article does just that. In the following are are 7 reasons for the growing importance of ESG investing. [more]
The U.S. House of Representatives passed the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act on March 25th and that initially led investors hoping for quick passage of a Senate bill to match the bill passed in the House. Last week, however, Senate Majority Leader Chuck Schumer said he would not be introducing the Senate’s version of the House’s act, called the Cannabis Administration & Opportunity Act (CAOA), until toward the end of April. [more]
Lorimer Wilson from MunKNEE.com summarizes 34 Pundits’ predictions for the price of gold and they range from $3K-$20K. [more]
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