Popular Cannabis Stocks (ACB, SNDL, and TLRY) Jump on Potential Federal Legalization News

SNDL TLRY ACB Jump on Potential Legalization News

Sundial Growers Inc, Tilray Inc, and Aurora Cannabis Inc are trading higher following a report indicating The House Rules Committee has scheduled a Monday-afternoon meeting to prepare a federal marijuana legalization bill for floor action.

Will the US Government Make Cannabis Legal Federally in 2022?

Even as the vast number of companies who jumped into the space in the run-up to legalization in Canada continues to consolidate, the seeming unwillingness of the U.S. government to make cannabis legal at the federal level is likely to continue weighing the stocks down. For technical traders, however, both Canopy Growth and Tilray are flashing signs the bottom may be in and a larger rebound to the upside may be on the horizon. March 23^rd, 2022

This was shared the previous day and I tend to think that there is still a strong upside soon, given the jump we saw due to potential federal legalization. One thing to note, this might be a case of buying the rumor and selling the news. I expect there to be a pullback when the bill passes

SNDL TLRY ACB StockTwits and Twitter Social Sentiment Trends

With the abundance of stock and crypto material on social media, an increasing number of retail and professional investors are leveraging trends and information from social media platforms to make investment and trading decisions. This is especially the case with cannabis stocks like ACB, SNDL, and TLRY since they have a strong social following across multiple social media platforms. If you want to know more about how to use sentiment trends for investing, check out The Ultimate Guide to Social Media Sentiment Analysis of Stocks and Cryptocurrency

Okay, Let's jump in and see how SNDL, TLRY, and ACB have been trending on Twitter and Stocktwits.

SNDL Stocktwits and Twitter Sentiment Trends

Here are the social media trends and statistics for SNDL on Stocktwits and Twitter.

SNDL Twitter: overall engagement is up with the number of posts, comments, likes impressions mentioned $SNDL up over 100% in the last week. There are over 15 million impressions of SNDL across Twitter, which is huge. This means that in the last week over 15 million people have seen a tweet that mentions $SNDL or #SNDL. This is a key aspect to driving social momentum and volume for SNDL

SNDL Stocktwits: overall engagement is up with the number of posts, comments, likes impressions mentioned $SNDL up over 100% in the last week. There are over 4 million impressions of SNDL across Stocktwits, which is significant for Stocktwits. This means that in the last week over 15 million people have seen a tweet that mentions $SNDL or #SNDL. This is a key aspect to driving social momentum and volume for SNDL

The images below show the 1-week chart of the SNDL stock price relative to the number of impressions. By accessing the Utradea Social Sentiment Dashboard, you will be able to look at several other key metrics and trends for SNDL, such as Google Search, SNDL Tweets, SNDL Stocktwits volume, SNDL option data, and much more.

SNDL Twitter

SNDL Stocktwits

TLRY Stocktwits and Twitter Sentiment Trends

Here are the social media trends and statistics for TLRY on Stocktwits and Twitter.

TLRY Twitter: overall engagement is up with the number of posts, comments, likes impressions mentioned $TLRY up over 100% in the last week. There are over 18 million impressions of TLRY across Twitter, which is huge. This means that in the last week over 18 million people have seen a tweet that mentions $TLRY or #TLRY. This is a key aspect to driving social momentum and volume for TLRY

TLRY Stocktwits: overall engagement is up with the number of posts, comments, likes impressions mentioned $TLRY up over 100% in the last week. There are over 3 million impressions of TLRY across Stocktwits, which is significant for Stocktwits. This means that in the last week over 15 million people have seen a tweet that mentions $TLRY or #TLRY. This is a key aspect to driving social momentum and volume for TLRY

The images below show the 1-week chart of the TLRY stock price relative to the number of impressions. By accessing the Utradea Social Sentiment Dashboard, you will be able to look at several other key metrics and trends for TLRY, such as Google Search, TLRY Tweets, TLRY Stocktwits volume, TLRY option data, and much more.

TLRY Twitter

TLRY Stocktwits

ACB Stocktwits and Twitter Sentiment Trends

Here are the social media trends and statistics for ACB on Stocktwits and Twitter.

ACB Twitter: overall engagement is up with the number of posts, comments, likes impressions mentioned $ACB up over 100% in the last week. There are over 18 million impressions of ABC across Twitter, which is huge. This means that in the last week over 18 million people have seen a tweet that mentions $ACB or #ACB. This is a key aspect to driving social momentum and volume for ACB

ACB Stocktwits: overall engagement is up with the number of posts, comments, likes impressions mentioned $ACB up over 100% in the last week. There are over 3 million impressions of ACB across Stocktwits, which is significant for Stocktwits. This means that in the last week over 15 million people have seen a tweet that mentions $ACB or #ACB. This is a key aspect to driving social momentum and volume for ACB

The images below show the 1-week chart of the ACB stock price relative to the number of impressions. By accessing the Utradea Social Sentiment Dashboard, you will be able to look at several other key metrics and trends for ACB, such as Google Search, ACB Tweets, ACB Stocktwits volume, ACB options data, and much more.

ACB Twitter

ACB Stocktwits

Cannabis Legislation and SNDL, TLRY, ACB Stock Social Sentiment

I think legalization and social sentiment go hand in hand when watching Sundial, Tilray, and Aurora. We know federal cannabis legalization is likely around the corner and will be a significant catalyst for these stocks. There is also a very strong retail investor following for these companies and stocks, and this is a powerful force when it comes to investing. Don't miss out, keep a wye on what happens in the senate, and keep a pulse on Social Sentiment trends across Twitter and Stocktwits. This will help you ether you are a trader or a long-term investor.