From Snoop Dogg Video Blasting Trump To GOP Admitting Legal Weed Undercuts Drug Cartels: Benzinga's Most-Read Pot Stories Of 2023
Portfolio Pulse from Nina Zdinjak
The most-read cannabis stories of 2023 on Benzinga included a range of topics from the benefits of cannabis for aging brains, political shifts towards legalization, and high-profile celebrity endorsements. Key highlights include a study suggesting cannabis does not negatively impact cognition in older adults, Elon Musk's comments on psychoactive drugs, a man ditching morphine for marijuana to alleviate arthritis, Aleafia Health's expansion into Europe's medical cannabis market, a pathogen threatening California's cannabis crops, Florida's telehealth renewals for medical marijuana, GOP senators admitting legalization impacts drug cartels, Tilray's acquisition of beer brands from Anheuser-Busch, Snoop Dogg's anti-Trump TikTok video, Georgia's medical cannabis sales in pharmacies, and Ohio's GOP-led Senate approving expanded marijuana legislation.
December 28, 2023 | 2:54 pm
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POSITIVE IMPACT
Aleafia Health, a Canadian medical cannabis company, is expanding into Europe's largest and most profitable medical cannabis market, aiming to become a top global medical cannabis brand.
Aleafia Health's expansion into Europe's medical cannabis market could potentially increase its revenue and market share, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Anheuser-Busch sold eight beer and beverage brands to Tilray Brands, which is seen as a positive move for the company after recent controversies and pressure on its shares.
The sale of brands to Tilray could be seen as a strategic move to streamline Anheuser-Busch's portfolio and focus on its core products, which may have a positive short-term impact on its stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Trulieve Cannabis Corp. is one of the two licensed cannabis producers in Georgia to provide medical marijuana products to pharmacies, expanding its market presence.
Being one of the two licensed producers to supply medical marijuana in Georgia could lead to increased sales and market penetration for Trulieve, likely benefiting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Tilray Brands, Inc. acquired eight beer and beverage brands from Anheuser-Busch, making it the 5th largest craft beer business in the U.S., which could enhance its market position.
The acquisition of beer brands from Anheuser-Busch positions Tilray as a significant player in the craft beer market, which may positively influence its stock price in the short term due to the expanded product line and market reach.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85