Excerpt from Benzinga quoting DataTrek co-founder Jessica Rabe:
…. “The ETFMG Alternative Harvest ETF rebounded by 3.1% on Friday to around $25, but the find is still way off its February high of near $35. On Friday, DataTrek Research co-founder Jessica Rabe discussed what drove the early 2021 cannabis stock rally and three reasons why it has run out of steam in the past two weeks.
Blue Wave Rally: Rabe said headlines related to U.S. federal legalization of cannabis always trigger a rally in marijuana stocks, regardless of whether or not the reality of legalization is any closer. Democratic control of the White House and both houses of Congress following the November U.S. elections is the biggest driver of the huge rally in cannabis stocks…
Read the full article here in Benzinga!