4 Things Cannabis Investors Should Watch This Week – Benzinga

The ETFMG Alternative Harvest ETF (NYSE: MJ) traded lower on Monday as investors continued to take profits on the post-election run-up in cannabis stocks. This week is a big week in the cannabis space with several potential catalysts of note ahead.

Here are for things cannabis investors should be watching this week.

Monday: Perhaps the biggest potential event this week is the New Jersey legislature voting on a revised cannabis deal in the state. Cantor Fitzgerald analyst Pablo Zuanic said that Curaleaf Holdings Inc. (ORC: CURLF), Green Thumb Industries Inc. (OTCQX: GTBIF) and Columbia Care Inc. (OTCQX: CCHWF) are among the cannabis stocks with the largest presence in New Jersey.

“Note that a court ruling may pave the way for 24 more licenses to be issued in NJ,” Zuanic said.

Related Link: 3 Reasons Cannabis Stocks May Be Headed Lower

Also on Monday, rapper and businessman Shawn “Jay-Z” Carter will be performing a round of business wire interviews related to his cannabis SPAC TPCO Holding Corp. (OTC: GRAMF). In January, Jay-Z’s Roc Nation finalized what is currently the largest cannabis SPAC deal ever, but the stock has underperformed since the deal was finalized.

Tuesday: Privately held Canndoc, the largest cannabis company in

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