*By Carlo Versano*
Cannabis stocks continued their run Monday on renewed speculation that more big-name companies will add pot to their recreation portfolios.
The latest deal ー Canada's Nova Scotia Liquor inking an initial purchase order with pharmaceutical company Tilray ー sent shares of the latter up as much as 30 percent the day before its first earnings report as a public company. The stocks of Cronos and Canopy Growth, which earlier this month earned an investment from Corona-maker [Constellation Brands](https://cheddar.com/videos/corona-brewer-adds-cannabis-to-its-booze-business-in-4-billion-deal), rose too.
Sam Masucci, CEO and co-founder of ETF Managers Group, is trying to give investors a chance to capitalize on such gains.
He joined Cheddar Monday after ringing the opening bell at the NYSE to detail the ETFMG Alternative Harvest ETF, which launched in 2017. The fund tracks nearly 40 foreign and domestic companies that Masucci said may benefit from the production and sale of cannabis, both medicinal and recreational.
The ETF includes companies as varied as Scotts Miracle-Gro (which is developing hydroponics), Canopy Growth, and tobacco giant Phillip Morris.
Companies in Canada, where marijuana will be legalized for recreational sale in October, make up 40 percent of the basket of stocks, with 20 percent coming from the U.S.
While marijuana remains a Schedule I drug at the federal level in this U.S., legalization has gained serious momentum on a state basis.
Masucci said this fund is intended to capture some of that growing bipartisan acceptance and make a bet that medicinal marijuana will be legalized nationally.
"I think the federal government is starting to come around," he said.
A [market report](https://www.prnewswire.com/news-releases/data-shows-medical-cannabis-could-reach-usd-19-billion-in-sales-by-2027-807442325.html) released Monday predicts medicinal marijuana sales will hit $19 billion domestically within the next decade, with worldwide legal spending on cannabis reaching $57 billion.
That's the kind of upside exposure Masucci said he wanted to deliver to investors with the creation of the first "pure play" cannabis ETF.
For full interview [click here](https://cheddar.com/videos/legal-pot-business-booming).
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
William Falcon, CEO and Founder of Lightning AI, discusses the ongoing feud between Elon Musk and Sam Altman, and how everyday people can use AI in their lives.
U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug
