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The Pot Stock Poised to Be the Biggest Winner With Virginia s Marijuana Legalization

The Pot Stock Poised to Be the Biggest Winner With Virginia s Marijuana Legalization Keith Speights © Provided by The Motley Fool The Pot Stock Poised to Be the Biggest Winner With Virginia s Marijuana Legalization Last week, Virginia became the 16th U.S. state to legalize recreational marijuana. Adults ages 21 and older will be able to possess up to an ounce of cannabis beginning on July 1, 2021. It s going to be a while longer before the retail cannabis market opens in Virginia. State lawmakers set a Jan. 1, 2024 date for companies to begin selling recreational marijuana. Still, a potentially large recreational pot market is on the way. And there s one cannabis stock poised to be the biggest winner with Virginia s marijuana legalization

Why These Top Marijuana Stocks Got Slammed Today

Why These Top Marijuana Stocks Got Slammed Today Eric Volkman What happened Tilray (NASDAQ: TLRY) sank by nearly 12%, while its partner-to-be Aphria (NASDAQ: APHA) fell by 9%. Canopy Growth (NASDAQ: CGC), HEXO (NYSE: HEXO) were close behind, sliding at rates from 4% to 7%. So what If there s one thing investors despise, it s uncertainty. Tuesday s big question mark was New York, which is considered by many weed-watchers to be the next likely state to legalize recreational marijuana. © Getty Images New York road sign with marijuana leaf. Yet on Tuesday, there were conflicting media reports about the state government s decision to flip the switch.

3 Reasons Cresco Labs Stock Will Light Up Your Portfolio

3 Reasons Cresco Labs Stock Will Light Up Your Portfolio Sushree Mohanty Cannabis stocks have had a rough couple of years. The sector s benchmark fund, the Horizons Marijuana Life Sciences ETF, spent most of 2019 and early 2020 sinking, and that period was followed by one during which it largely traded sideways. But these once-dormant investments began to heat up again in late 2020 and early 2021. And rather than the Canadian players, it s been the U.S. pot companies that are performing especially well. Optimism about the industry s potential and renewed hopes that Congress may act to legalize marijuana at the federal level have sent these stocks higher.

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