Month: November 2020

My #1 Cannabis Stock for 2021

Posted on by Cannabis Stock Trader
Inside of Cannabis Dispensary

The northeast region of the United States is on the verge of a cannabis revolution. The shot across the bow happened on November 3, when New Jersey voted to legalize recreational cannabis.

This groundbreaking victory triggered a quick response from New York.

New York Governor Andrew Cuomo just said he wants to follow New Jersey and legalize cannabis as soon as possible to make up for COVID-related tax losses. The early word is that New York intends to legalize by April, setting the stage for sales to begin in 2022 or even sooner. Continue reading “My #1 Cannabis Stock for 2021” →

77% Sales Growth Makes this Cannabis Leader a Buy

Posted on by Cannabis Stock Trader

The most important time of the quarter has arrived for cannabis stocks.

Earnings season is the time when companies reveal sales and earnings results for the previous quarter – and just as important, companies provide guidance on what investors should expect for the following quarter.

Quarterly earnings that beat expectations have a documented history of driving shares higher in the following weeks and months. Continue reading “77% Sales Growth Makes this Cannabis Leader a Buy” →

5 States Say Yes on Cannabis – 3 Stocks to Trade the Vote

Posted on by Cannabis Stock Trader
Cannabis Legalization Vote

Cannabis has emerged as a big winner in the 2020 U.S. presidential election. All five states that voted on cannabis legalization passed their ballot measures. That list includes:

  • Arizona: recreational cannabis
  • New Jersey: recreational cannabis
  • Montana: recreational cannabis
  • South Dakota: recreational and medical cannabis
  • Mississippi: medical cannabis

This is another big step forward for the U.S. cannabis industry.

33 states have already legalized medical or recreational cannabis. Adding five more states to the mix will add billions in annual sales. The growing green wave has analysts predicting enormous growth for the U.S. cannabis industry in the next five years. Continue reading “5 States Say Yes on Cannabis – 3 Stocks to Trade the Vote” →