Your Top 5 News Stories - October 8, 2021

October 08, 2021

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Sundial Growers surges 15% after cannabis distributor enters liquor business with $346 million acquisition of Alcanna

The Canadian producer’s stock saw a 15% jump upon news of its acquiring liquor retailer Alcanna (and 171 retail locations) for $346 million. 


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This Week in Pot Stocks: Cannabis ETF Launches

The week’s industry news in cannabis stocks was led by a new cannabis-centric exchange traded fund (ETF) issued by ETF Managers Group LLC. 


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Former Attorney General Says U.S. Is ‘On the Path’ to Federal Marijuana Decriminalization

Eric Holder expressed encouragement that the U.S. is trending toward treating addiction as a public health issue, and that federal cannabis reform is inevitable. 


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Charlotte's Web CEO Says Road to Federal Cannabis Legalization Must Start with CBD Regulation

The CEO anticipates seeing federal legalization in the next 3-5 years, powered by a personal wellness segment beyond medical cannabis. 



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Sir Paul McCartney hides his hemp from teenagers

The former Beatle has grown organic produce for two decades, but is vexed by hemp since kids try to steal what they mistake as having THC.  

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