Cannabis Stocks on Sale after 20% Decline

For investors who love getting a good deal, this is an excellent time to take a fresh look at cannabis stocks.

After an incredible 12-month run higher from March of 2020 to February of 2021, cannabis stocks have entered a bear market – defined as a 20% or more decline from the 52-week high.

The Advisors Shares Pure U.S. Cannabis ETF (MSOS) is down 21% from the 52-week high in mid-February. Take a look at the 6-month chart below – you can see the all-time high from February and the recent decline. Continue reading “Cannabis Stocks on Sale after 20% Decline”

Here’s How to Play New York’s Legalization of Recreational Cannabis

NY Skyline

New York Governor Andrew Cuomo just revealed that the empire state is close to legalizing recreational cannabis. Analysts were expecting New York to go legal in 2021 – but after Cuomo’s revelations, it looks like it’s going to happen sooner than expected. Continue reading “Here’s How to Play New York’s Legalization of Recreational Cannabis”

This Could Be the Next Big Cannabis Buyout Target

Mergers & Acquisitions

When a stock jumps 47% in one day it is time to start paying attention.

That’s what happened to GW Pharmaceutical (NASDAQ: GWPH), one of the largest cannabis biotechs in the world, on February 3, when news broke that GW was being bought by leading pharma company Jazz Pharmaceutical (NASDAQ: JAZZ).

The news sent shares of GW soaring 47% in one day and into a new all-time high. Continue reading “This Could Be the Next Big Cannabis Buyout Target”

Virginia is Going Legal – Here’s How to Play It

Inside of Cannabis Dispensary

Virginia just voted to legalize recreational cannabis, making it the first southern state to go legal. This is another big step forward for the U.S. cannabis industry and another big win for cannabis investors.

I’m going to reveal one company, valued at $1 billion and growing quickly, that could be the best investment play on Virginia’s big legalization move. Continue reading “Virginia is Going Legal – Here’s How to Play It”