WeedLife News Network

The move will allow recreational marijuana stores to expand further than the current seven marijuana zones in the municipality. The largest in the state of Illinois, Chicago has allowed 18 adult-use cannabis retailers so far, among the 110 statewide.

While marijuana retailers are now able to open without special approval from Chicago regulators, the approved proposal is also set to banish retailers in the downtown zone where they aren’t meant to be operating.

Robinhood (NASDAQ:HOOD) investors like cannabis stocks. That seems clear considering that there are seven cannabis stocks on the trading platform's 100 most popular list.

Two of those stocks made the top 20 on the list. Sundial Growers (NASDAQ:SNDL) currently ranks No. 4, while Aurora Cannabis (NASDAQ:ACB) holds the No. 16 spot. But Sundial and Aurora have been big losers in recent months. Sundial's shares have plunged 75% below the highs from early this year. Aurora stock has fallen 65% from its February peak.

Why are Aurora and Sundial still the most popular pot stocks on Robinhood? Here are a few likely explanations.

Cannabis stocks, growth stocks, and all kinds of investments have been volatile this month. The S&P 500 is down nearly 2% since the start of September and the Horizons Marijuana Life Sciences ETF has dropped by 9%. Although some investors may feel the urge to scramble for the exits, the recent sell-off could present some attractive buying opportunities.

One stock investors may be considering is pot producer Sundial Growers (NASDAQ:SNDL). Earlier this year, Reddit investors turned it into a meme stock, creating a buying wave that sent it to a high of nearly $4 a share. This week, its stock fell as low as $0.68 -- its lowest level since May 13, when it touched $0.65.

The fast-growing marijuana industry is full of opportunities for long-term investors. From growers to retailers to ancillary providers, there's something for every type of investor, no matter their risk tolerance.

While some pot stocks have earned their status as premium buys for long-term investors' portfolios, others have generated significant hype without the businesses or balance sheet growth to support it. Today, we're going to look at two fantastic investments within the marijuana space. Both cannabis stocks have generated significant returns for shareholders and are on track to achieve incredible growth in the years ahead. Let's dive right in.

Stem Holdings, Inc., the first multi-state, vertically integrated Farm-to-Home™ (F2H) cultivation and technology omnichannel cannabis company, announced today that it has acquired Artifact Extracts, a premier cannabis extraction company based in Oregon known for its award-winning concentrates, as well as two dispensaries. (As Originally Seen On Benzinga)

The transaction closed on September 17th. Stem issued 8,209,178 shares of common stock at a deemed aggregate value of US$ 2,925,000.

A Wood River Valley based hemp insulation manufacture plans to build a production facility in Jerome County along the interstate beginning this fall. Southern Idaho Economic Development said Hempitecture Inc., based in Sun Valley, intends to build a plant at the Northbridge Junction near the Interstate 84 and U.S. Highway 93 junction; a groundbreaking ceremony is set for early October. This is one of the first major business announcements made since a bill was signed into law earlier this year allowing the production and transportation of industrial hemp in Idaho.

While cannabis is still classified as a highly dangerous drug on the federal level, there’s no denying bud is big business.

Cannabis is one of the fastest-growing industries in the country, with a record $17.5 billion in sales last year, up 46% from the year before. Since an ounce of marijuana can cost hundreds of dollars, you may be keenly interested to know whether your home insurance would protect you if your cannabis was ever stolen or destroyed. After all, most policies cover trees and houseplants, so why not cannabis?

A Wood River Valley based hemp insulation manufacture plans to build a production facility in Jerome County along the interstate beginning this fall. Southern Idaho Economic Development said Hempitecture Inc., based in Sun Valley, intends to build a plant at the Northbridge Junction near the Interstate 84 and U.S. Highway 93 junction; a groundbreaking ceremony is set for early October. This is one of the first major business announcements made since a bill was signed into law earlier this year allowing the production and transportation of industrial hemp in Idaho.

An exciting crowd funding cannabis cultivation project is scheduled to start this week for Grow Space Orange, the Massachusetts company that develops cannabis cultivation facilities that are leased to licensed growers. Grow Space Orange, Inc, is a wholly owned subsidiary of New England Agriculture Technologies, LLC ("NEAgTech") in which investors are able to get in on the ground floor of an asset-based cannabis business with planned above-average returns plus the exciting possibility of being an owner of a prosperous cannabis cultivation operation. Full details of this and other NEAgTech projects including financial forecasts is on the investor section of the GrowSpaceNE.com website.

Notoriously risk-adverse Big Law firms are building cannabis practice groups as a rising number of states legalize recreational and medicinal use, even though the drug remains largely banned under federal law.

Cannabis practitioners hail from a variety of specialties, reflecting the range of issues that their clients face. The lawyers have to be flexible in the rapidly changing area as voters and lawmakers act to advance—and sometimes fight—legalization.

“This is not for the weak of stomach,” said Eric Berlin, who co-leads Dentons cannabis practice and helped craft and pass the Illinois and Ohio medical cannabis laws. “You have to deal with a level of uncertainty there.”

Cannabis data and analytics specialist Headset just released its latest report comparing US medical and recreational cannabis market development, bearing results that reveal sales patterns and unifying trends across the industry.  The report’s findings are grounded in the context of the predominant pattern of a three-step process in cannabis market development, including prohibition, medical access, and adult-use legalization. Though there are exceptions to this evolution where markets leapfrog medical use and go straight from cannabis prohibition to adult-use legalization, flagship states like California, which approved medical use in 1996 but took another twenty years to allow adult-use cannabis, follow a more predictable pattern.

Investing in cannabis stocks can be like looking for a goose that lays golden eggs -- but finding only lemons much of the time. Between the ever-present hype about questionable companies and the industry's struggles with efficiency, even savvy buyers can make mistakes; I know I've made a few! 

The good news is that becoming a wiser investor is easier than it may seem. And today, I'll be sharing four of my best tricks for identifying the best marijuana stocks so that you'll be equipped to succeed.

Hemprise launched in 2019 with the purchase of 25 acres of land in southern Indiana that will eventually house what the company claims will be one of the largest hemp processing facilities in the U.S. with 100,000 square feet of processing space when completed. (Photo courtesy of Hemprise)

The company is completing phase I of the buildout, which consists of a 10,000-square-foot workshop on about half of the property located in Jeffersonville. Hemprise plans to launch phase II of construction when cannabidiol (CBD) is a federally regulated ingredient for food, beverages and dietary supplements, according to Zheng Yang, the company’s general manager.

After the markets close Sept. 21, Aurora Cannabis (NASDAQ:ACB) will release results for its fiscal fourth quarter, which ended June 30. The troubled Canadian pot company's stock is already down by about 20% year to date -- a sharp contrast to the sector benchmark Horizons Marijuana Life Sciences ETF, which is up 5% -- and the upcoming report could be pivotal in determining whether the share price gets out of the red for 2021. Investors aren't expecting to see Aurora turn a profit in the final quarter of its fiscal year, but there are other ways that the company can show it is making progress. Here are the three main areas you should keep a close eye on when the company reports next week.

Resonate Blends Inc., a cannabis holding company in Calabasas, has signed a letter of intent to acquire Lemon and Grass, a Florida-based cannabis wellness brand.

Lemon and Grass sells products such as relief balms, patches and capsules as well as vape cartridges and PAX pods. The products will flank Resonate’s existing product line, Koan Cordials, a liquid made from cannabis and botanical extracts.

Lemon and Grass products are distributed to more than 40 dispensaries in Florida. The company also has had product trials in California and has licensing plans for multiple states across the country, as well as for provinces in Canada.