Cannabis stocks rise on legalization hopes.

  The stars may be aligning for cannabis stocks as they tear higher on hopes around a reported Republican-led legalization effort, Tim Seymour said. The Amplify Seymour Cannabis ETF (CNBS) portfolio manager and CNBC contributor told CNBC’s “ETF Edge” on Wednesday that a possible bill drafted by South Carolina House Rep. Nancy Mace to deschedule […]

New Mexico explores public financing for cannabis businesses

SANTA FE, N.M. (AP) — Small-scale marijuana businesses in New Mexico would receive access to publicly financed loans of up to $250,000 in an effort to promote social and economic fairness, under a proposal unveiled Thursday. The New Mexico Finance Authority suggested a $5 million line of credit to licensed cannabis microbusinesses, seeking preliminary approval […]

Four things to watch in cannabis amid earnings season

One key metric to track during earnings season is which companies are able to tap into their profitability, Seymour told CNBC’s “ETF Edge” on Thursday. “In Canada last week, what we heard from Tilray is not only is this company … the most profitable company in cannabis, [but] it continues to get more profitable,” said […]