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AdvisorShares Pure Cannabis ETF News

Cannabis News This Week: New Jersey Nearing Launch of Recreation Market

New Jersey's potentially huge recreational cannabis market is just weeks away from coming online.

Cannabis Stocks Tank, But Legalization Push Continues

New York has approved adult-use cannabis in the state, despite not having cannabis infrastructure ready to facilitate sales, Rhode Island has not yet approved the legalization of recreational use.

Cannabis Reform in 2022: The Good, The Bad and Ugly

Cowen says the removal of the SAFE Act from the defense bill in December was a blessing in disguise.

Cannabis Legislation Roundup: Pair of California Bills Head to Governor

California's legislature recently passed a couple of bills governing smokable hemp and the use of cannabis in hospitals.

Cannabis Roundup: State Legislature Edition

South Dakota lawmakers want to place stricter restrictions on its medical cannabis industry while Texas is slightly loosening its grip on that state's medical industry.

Breaking News

Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.

Gap Stock Plummets On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Broadcom Agrees to Buy VMware in $61 Billion Cash-and-Stock Cloud Software Deal

"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.