'Minnesota Governor Signs Marijuana Legalization Bill Into Law' - Marijuana Moment
Portfolio Pulse from Happy Mohamed
Minnesota Governor Tim Walz has signed a bill legalizing marijuana, making it the 23rd state in the U.S. to end cannabis prohibition. Possession and home cultivation will become legal on August 1, with regulators expected to take 12-18 months to launch a licensed commercial sales system.
May 30, 2023 | 5:23 pm
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Minnesota legalizes marijuana, potentially expanding the market for Aurora Cannabis.
As Minnesota legalizes marijuana, companies like Aurora Cannabis (ACB) may benefit from the expanded market. However, the impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially expanding the market for Canopy Growth Corporation.
With the legalization of marijuana in Minnesota, Canopy Growth Corporation (CGC) may benefit from the expanded market. The impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially expanding the market for Cronos Group.
Cronos Group (CRON) may benefit from the expanded market as Minnesota legalizes marijuana. The impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially expanding the market for GrowGeneration.
GrowGeneration (GRWG) may benefit from the expanded market as Minnesota legalizes marijuana. The impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially expanding the market for HEXO Corp.
HEXO Corp (HEXO) may benefit from the expanded market as Minnesota legalizes marijuana. The impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially expanding the market for India Globalization Capital.
India Globalization Capital (IGC) may benefit from the expanded market as Minnesota legalizes marijuana. The impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially benefiting the AdvisorShares Pure US Cannabis ETF.
The AdvisorShares Pure US Cannabis ETF (MSOS) may benefit from the expanded market as Minnesota legalizes marijuana. The impact will depend on the performance of the underlying assets in the ETF and the overall growth of the cannabis industry in the state.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially expanding the market for Sundial Growers.
Sundial Growers (SNDL) may benefit from the expanded market as Minnesota legalizes marijuana. The impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Minnesota legalizes marijuana, potentially expanding the market for Tilray.
Tilray (TLRY) may benefit from the expanded market as Minnesota legalizes marijuana. The impact will depend on the company's ability to establish a presence in the state and compete with other cannabis businesses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50