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- 💰 U.S. Dollar Surge Challenges Cannabis Stocks
💰 U.S. Dollar Surge Challenges Cannabis Stocks
What you need to know. Plus, Snoop Dogg heads to the Olympics.
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Happy Thursday Cannabis Investors: Snoop Dogg isn't worried weed is illegal in France as he heads over to cover the Olympics with NBC, 'I'm A Very Legal Guy.'
Plus, iconic actress and comedian Whoopi Goldberg thinks 'cannabis is probably the greatest medicine', here is why.
Also, tune into our Cannabis' ‘Cultivator Chronicles,' which focuses on the latest trends, developments and major players in the cannabis cultivation.
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TOP STORY
Briefly: Data from Benzinga Pro shows that despite recent market challenges and the impact of a strong U.S. dollar, Cannabis ETF MSOS showcases resilience in its long-term trajectory.
So: According to the data MSOS gained 3% in the recent session, marking a significant recovery with an addition of 14% since the previous Monday.
That Said: This expert points out the impact of the strengthening U.S. dollar, which reached its highest level since November, posing challenges for risk assets like cannabis stocks.
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ZINGERS
Cannabis Company Offering: Cannabis Company 4Front Announces Broker Offering Of Up To $3.6M In Units, Here's Where The Money Will Go
State Regulation: Hawai'i Police Undertake Program To Detect Cannabis Impaired Driving With Help Of Medical Marijuana Patients
Benzinga Exclusive: Cannabis Data Firm Hoodie Analytics Secures $5M Funding With Large Institutional Backers
Cannabis Products: Cannabis Recall In California After Investigation Finds Dangerous Pesticides In Popular Weed Products
Around The World: Artificial Hemp Plants Hit Shelves In 1000 Aldi Supermarkets In Germany To Raise Awareness Around Legal Cannabis Cultivation
ONE MORE FOR THE ROAD
Briefly: A promising new startup, Ovax Inc., secured $10 million in funding to advance the development of a groundbreaking vaccine designed to prevent fentanyl-related deaths.
So: The initiative focuses on commercializing academic research aimed at preventing the potent opioid from reaching the brain.
Quoted: "The science is there," said JR Rahn, the startup's co-founder. "It just takes someone to be persistent" to bring it to market.
PRESENTED BY CANNABIS CAPITAL CONFERENCE
Join us on October 8th and 9th in Chicago for the world's largest gathering of cannabis investors - happening just ONE month before the Presidential election.
Buy your tickets, apply to exhibit or become a sponsor here.
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