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Cannabis stocks watchlist: marijuana deal falls apart

See how cannabis stocks such as Tilray, Cronos Group, GW Pharma and Canopy Growth performed in the market this week.

New York lawmakers filed a marijuana legalization bill for the 2021 session. Unfortunately, their neighbors to the west in New Jersey failed to come to an agreement and lawmakers pulled the bill.

New Jersey Gov. Phil Murphy will address the recent developments of the deal at his press conference at noon on Monday.

Last Tuesday, the state of Georgia elected two Democrat Senators to give the Democrats a majority in the Senate. This will give Joe Biden the ability to create an ambitious policy platform.

Could that platform include federally decriminalizing cannabis and legalizing it for recreational use as states like Colorado, Massachusetts and California have done already?

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

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 8.

To Read The Rest Of This Article By Danny Peterson on TheStreet

Published: January 11, 2021

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