Senate Majority Leader Chuck Schumer Pushes for Legalization

Since the Democrats have taken back control of the Senate, marijuana legalization has come into the spotlight. Federal legalization advocates acquired a huge endorsement this week from…

Senate Majority Leader Chuck Schumer, who said he is working on a bill that will give states the authority to legalize marijuana if the states choose to.

If you’re looking for the best stocks to invest in in the cannabis sector, TheStreet’s Debra Borchardt recently shared her top stock picks in the cannabis sector for 2021.

For more in-depth coverage of the cannabis sector including buy and sell recommendations and investment strategies, subscribe to read Borchardt on Real Money.

Here is a list of the cannabis stocks to watch and their performance from this past week by the percentage change at the close of trading on Jan 29.

Aurora Cannabis Inc | Increased +4.69%

Aurora Cannabis was one of the ‘buy-the-dip’ candidates this past week after it fell more than 13% the previous week after a downgrade from a Jefferies analyst.

TheStreet Quant Ratings rates Aurora Cannabis Inc. as a Sell with a rating score of D-.

Aphria Inc. | Decreased -5.07%

Aphria and Tilray’s merger could pave the way for the companies to be major players in the European cannabis market, according to technical420.

TheStreet Quant Ratings rates Aphria as a Sell with a rating score of D.

Tilray Inc | Increased +0.44%

Tilray turned positive this past week after it jumped at the opportunity to supply cannabis for an 18-24 month study by a French government health agency. Tilray also has 25.11% short interest and could become a favorite of the Reddit traders.

Canopy Growth Corp | Increased +18.55%

Canopy Growth continues to be a favorite in the cannabis sector for Jim Cramer but several cannabis investors are looking at…

Continue reading at MSN.COM

 

 

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