Opinion: New Labour Administration Can End Britain’s Failed Cannabis Experiment
Written by Omar Khan, Chief Communications and Public Affairs Officer, High Tide Inc.
Written by Omar Khan, Chief Communications and Public Affairs Officer, High Tide Inc.
Cannabis enters the new week with a broadly positive bias across the tracked universe.
Cannabis stocks enter Friday’s pre-market session broadly positive.
The cannabis sector is entering Wednesday’s pre-market session in broadly negative territory, with the US benchmark fund MSOS now sitting at $4.74, a retreat from $5.05 at Tuesday’s close.
Cannabis equities open Wednesday’s US session with modest positive breadth among exchange-listed names, though the sector’s headline data point is a sharp intraday plunge in iPower (IPW), the hydroponic supply retailer with direct exposure to the cannabis cultivation market.
Pre-market on Tuesday 19 May, cannabis stocks carry Monday’s close as their reference point, with the US session due to open at 13:30 UTC.
The US cannabis sector approaches this week’s open carrying the weight of a difficult Friday session.
Thursday’s pre-market window, with US equities not opening until 14:30 BST, finds cannabis stocks at Wednesday’s close — a session that left the sector modestly tilted to the downside, with 19 tickers lower, 15 higher, and four unchanged.
Cannabis stocks carry the losses from Tuesday’s session into Wednesday morning, with US markets yet to open and all prices reflecting the 12 May close.