Shares Jumped 86% in 16 Weeks the Last Time This Happened

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.

However, according to Warren Buffett, this is the best time to be buying. Continue reading “Shares Jumped 86% in 16 Weeks the Last Time This Happened”

4 Signals Canopy Is Ready for 50%-100% Rally

The big talk in the cannabis sector right now is how much cannabis stocks have struggled in 2019.

The cannabis ETF Alternative Harvest (NYSE: MJ) is down 25% in 2019 and 50% from the 52-week high.

Sector leader Canopy Growth Corp (TSE: WEED, NYSE: CGC) led the market lower, down 30% in 2019 and more than 60% from the 52-week high.

Excitement about the booming cannabis industry is at an all-time high. So while this decline has been disappointing for shareholders – it has also created a long-awaited opportunity. Continue reading “4 Signals Canopy Is Ready for 50%-100% Rally”

Senate Hearing To Focus On Marijuana And Health This Week

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.”

While the panel has released few details about the meeting, the list of witnesses gives some indication about what kind of subject matter will be covered. Continue reading “Senate Hearing To Focus On Marijuana And Health This Week”

Mexico Set to Become 3rd Country in World to Legalize?

While cannabis stocks are stuck in a bear market – the global cannabis market continues to expand at a rapid pace.

What’s the next domino to fall?

Mexico is on pace to become the third country in the world to legalize cannabis, and it should happen by the end of the year. Continue reading “Mexico Set to Become 3rd Country in World to Legalize?”

The Most Undervalued Cannabis Stock

Cannabis Bottles

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”

Why the Bounce is Back in Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Shares

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”

Sec Green Light Prompts Rush into Marijuana ETFs

ETF

Marijuana ETFs are rushing to list on US exchanges after getting a green light from the Securities and Exchange Commission.

Provided that marijuana exchange-traded funds can show an independent legal opinion that no holdings violate federal law, they can now list in the US, according to the SEC. Continue reading “Sec Green Light Prompts Rush into Marijuana ETFs”

2 Best Stocks for the Canadian Cannabis Beverage Market

Beverages

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”