April 16, 2024 5:01 PM | 2 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Cannabis stocks fell in early trading before heating up Tuesday afternoon. Some of the upward momentum may be a result of executive commentary from the Benzinga Cannabis Capital Conference.
Lighting Up The Cannabis Space: Several big names in the cannabis space took the stage Tuesday at Benzinga’s Cannabis Capital Conference in Hollywood, Florida, the leading cannabis investment and branding conference in North America.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
Curaleaf Hldgs Inc (OTCQX:CURLF) chairman Boris Jordan told the crowd that potential adult-use legalization in Florida isn’t the only catalyst ahead. He’s already positioning the company for similar regulation changes in other states. Curaleaf shares gained nearly 4% on Tuesday, leading the way for cannabis stocks.
Related Link: It All Started With Cannabis: How This Innovative Manufacturing Software Firm Is Solving ‘Real’ Problem For Its Customers
Jordan also noted that Curaleaf is seeing positive trends following cannabis legalization in Germany. In the first two weeks that cannabis was removed from the narcotics lists, there has been a five-fold increase in patients approaching telemedicine platforms, he said, suggesting cannabis demand is rising quickly.
Boris spoke around 2 p.m. ET. Curaleaf stock continued to move higher and hit the highs for the day following his appearance. Several other cannabis stocks drifted higher Tuesday afternoon.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
As previously reported by Benzinga, former Congress members suggested Tuesday that regulatory changes could be coming soon that would benefit the cannabis industry as a whole. The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) reached its lows of the day just before the former legislators took the stage at the Benzinga conference.
Tim Seymour’s Amplify Seymour Cannabis ETF (NYSE:CNBS) also trended higher throughout the afternoon. Seymour moderated a panel Tuesday morning that focused on cannabis valuations and investing strategies.
Benzinga’s Cannabis Capital Conference continues through Wednesday. Check out this page for more information on upcoming speakers.
Want to watch our Cannabis Capital Conference live? For existing subscribers, you can get direct access. For new users, you can get instant access here!
Cannabis Stocks Price Action: Curaleaf stock closed Tuesday up 3.31% at $4.99, according to Benzinga Pro. The AdvisorShares and Amplify Seymour Cannabis ETFs both fell in early trading before climbing back and closing the day roughly flat.
Read Next: Seth Rogen’s Cannabis & Lifestyle Brand Houseplant Available On Instant Delivery App Gopuff
Photo: CRYSTALWEED from Unsplash.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Be the first to comment