With more states considering legalizing cannabis, combined with the future uptick in sales from states such as New York and New Jersey that have recently legalized recreational cannabis, I expect that cannabis sales will continue to experience strong growth – I would be very surprised if U.S. cannabis sales do not breach the $20 billion… Read more »
Following the script in more than a dozen other states, and after years of advocacy and several failed attempts, New York lawmakers have legalized adult-use marijuana, which is expected to create one of the largest markets in the country with projected revenues of nearly $2.5 billion. The Marijuana Regulation & Taxation Act permits adults 21… Read more »
ETFMG Alternative Harvest ETF (MJ®) Exceeds $1 Billion in Assets Under Management SUMMIT, N.J. – (December 9, 2020) – Leading thematic ETF issuer, ETF Managers Group LLC (ETFMG®), announced today that the ETFMG Alternative Harvest ETF, better known as MJ®, has again joined the “billion-dollar club.” After less than 3 years of trading on the NYSE,… Read more »
House Takes First Step Toward Federal Validation of the Marijuana Industry: Votes 321 to 103 to Pass the SAFE Banking Act In a showing of bipartisan support, the House of Congress voted 321 to 103 to pass the SAFE Banking Act. Of those voting yes, 229 were Democrats and 91 were Republicans. Unity amongst Democrats… Read more »
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