The SEC says investors purchased $80 million of securities following the promotions.
Investors jumped on cannabis stocks following the president's announcement Thursday.
"The entire cannabis industry is reeling from post-COVID drops in retail purchases, and now the wholesale market is following suit," said one insider.
Even as more states have legalized marijuana, the current prohibition on marijuana still casts a long shadow on many policies.
Although the cannabis sector is on the rise, the plummeting prices of individual company stocks have given would-be investors pause.
What does the future hold for the cannabis industry in 2022? Benzinga spoke with several experts on the matter.
With snow on the ground and a whisper of spring in the air, it means it is time for High Times to make their annual announcement of going public.
In addition to the ongoing global marijuana legalization trend is the overall shift in people’s approach to general health.