Canopy Growth (TSX:WEED) is rising. Is the pot stock a safe bet?

Highlights PharmaCann is one of the few medical pot operators in New York. It also has operations in five other states in the US. PharmaCann is reportedly in talks with Canadian investment bank Canaccord Genuity for its plans to go public. Pha...

After witnessing a FOMO-styled green rush following pot legalization in October 2018, marijuana stocks in Canada went on to eventually decline. Amid COVID-19 breakout in 2020, however, pot sales quickly skyrocketed to register record highs. Sales an...

Stocks of Canopy Growth Corporation (TSX: WEED) closed at C$24.93 on Thursday, July 22, down nearly 3 per cent. The stock is nearly 65 per cent below its 52-week high of C$ 71.70 (February 10, 2021) and nearly 36 per cent above its 52-week low of C$...

Summary The 2018 legalization of recreational cannabis in Canada saw pot producers in the country note a massive boom in their businesses. Now, with the US looking at a federal legalization of adult recreational marijuana use, pot manufacturers...

Summary The US government floated the draft bill to legalize recreational marijuana federally on July 14. Meanwhile, Canadian pot stocks have responded disproportionately. Tilray’s stock was up almost two per cent intraday. In contrast, ...

Canada’s cannabis market is among the top performing ones in the country, having recorded sales worth around C$ 2.6 billion in 2020. The pandemic, which wrecked operations for most businesses, saw cannabis sales fly in the country last year as...

Numinus Wellness Inc. (TSXV:NUMI) Numinus Wellness Inc. (TSXV:NUMI) is set to acquire the Neurology Centre of Toronto (NCT) and expand the centre into a clinical neurology treatment centre, the company announced on Tuesday, July 6. Numinus is a...

The growing enthusiasm around psychedelic drugs as a treatment for mental illness is likely to bring a massive change in this evolving sector. Amid an expanding wave of research studies, people are becoming more aware of the benefits of these drugs a...

Psychedelics have evolved over the years and now they are being considered as a potential tool to treat mental illness and addiction issues. The entire psychedelics industry is under the spotlight in North America amid increased acceptance and growi...

The psychedelics industry has witnessed quite a boom in the past few years, and this uptrend is likely to continue. This rise in popularity is boosted by several studies that note the health benefits of psychedelic drugs. Amid the increasing popular...