The cannabis sector is stuck in a pretty brutal bear market. The sector is down about 50% from the 52-week high, logging six consecutive losing months. That kind of a losing streak is testing the most committed cannabis investors. Even true believers are asking if it’s time to throw in the towel.
A Senate committee will convene on Wednesday to discuss marijuana and public health, featuring panels that include witnesses from federal agencies and academia.
The Senate International Narcotics Control Caucus, co-chaired by Sens. John Cornyn (R-TX) and Dianne Feinstein (D-CA), is titled “Marijuana and America’s Health: Questions and Issues for Policy Makers.”
The vaping crisis has taken a big bite out of cannabis stocks.
Since the story went viral in early August, the Alternative Harvest ETF (MJ) has fallen 30%.
That big drop happened because investors started pricing in a worst-case scenario for vaping and the cannabis industry – that vaping was going to be banned in the US. That might sound extreme but there were some big knee-jerk reactions from public health officials. Continue reading “The Most Undervalued Cannabis Stock”→
The path higher has been hampered for Auxly Cannabis Group Inc (OTCMKTS:CBWTF) in recent action, with shares falling back down to retest key support in the $0.55/share area last week. This follows strength over the summer that had rekindled hopes of a coming breakout and some serious catch-up action that would make up for lost ground on a relative basis. However, we may be seeing that hope rekindled once action, given the strong action in the name over recent days. Continue reading “Why the Bounce is Back in Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Shares”→
The cannabis industry has a huge event right around the corner – this could be the spark the industry needs to break out of this bear market.
On October 17, the size of the Canadian cannabis market is expected to double. That’s the day cannabis extracts (edibles, beverages, oils) become legal in Canada. Leading market-research firm Deloitte is projecting this will generate an additional $2.7 billion in annual sales, doubling the size of the Canadian cannabis market. Continue reading “2 Best Stocks for the Canadian Cannabis Beverage Market”→