4 Cannabis Stocks Log Momentum Gains Even As Congress Re-Criminalizes Some THC Products In Spending Bill
Four cannabis stocks are demonstrating significant technical momentum, seemingly undeterred by new regulatory headwinds from Washington.
Momentum Improves For 4 Cannabis Stocks
The positive trend comes even as Congress passed a government funding bill that includes a controversial provision to re-criminalize many popular hemp-derived THC products, a move that could disrupt a large segment of the market.
The stocks logging the gains include Tilray Brands Inc. (NASDAQ:TLRY), Cronos Group Inc. (NASDAQ:CRON), Organigram Global Inc. (NASDAQ:OGI), and SNDL Inc. (NASDAQ:SNDL).
What Does Momentum Ranking Entail?
According to Benzinga Edge’s Stock Rankings, which measure a stock’s relative price strength over multiple timeframes, all four companies show strong positive momentum.
This technical strength is supported by their recent performance, particularly over the last six months.
| Stock | Benzinga Momentum Ranking | 6-Month Return | YTD Return | One-Year Return |
| TLRY | 92.08 (Green) | 156.82% | -22.60% | -18.12% |
| CRON | 71.16 (Green) | 20.39% | 20.39% | 19.81% |
| OGI | 67.70 (Green) | 26.23% | -7.23% | 2.67% |
| SNDL | 66.34 (Green) | 32.81% | 32.81% | -12.82% |
Tilray Brands
- TLRY maintains a weaker price trend over the short term but a strong trend in the medium and long terms, with a poor growth. Additional performance details are …