Cannabis Stocks Spiking on Hopes for Banking Bill

Man Putting His Vote in the Ballot Box

The U.S. cannabis industry is on the verge of its biggest win of 2021.

It looks like some major cannabis legislation has a strong possibility of being passed in the next few weeks – and if it does pass, it could set the stage for a monster cannabis stock rally into the end of the year.

The bill in question is the Secure and Fair Enforcement (SAFE) Act, commonly referred to as the Safe Act. The Safe Act is one of the most popular cannabis bills and it has widespread support from both Democrats and Republicans. Continue reading “Cannabis Stocks Spiking on Hopes for Banking Bill”

Cannabis REIT Up 33% in 2021 and Eyeing New High

Commercial Building - REIT

2021 has been a tough year for U.S. cannabis stocks.

The Advisor Shares US Cannabis ETF (MSOS) is down 20% on the year and 45% from the 52-week high.

However, while most U.S. cannabis stocks have struggled, one industry leader has delivered a market-crushing 33% gain on the year.

This early industry leader just:

  • reported 100% revenue growth in 12 months
  • paid a quarterly dividend of $1.32 per share, up 32% from last year
  • saw shares hit a new all-time high

Continue reading “Cannabis REIT Up 33% in 2021 and Eyeing New High”

California Cannabis Stock on Sale by 45%

State of California

After getting off to a slow start, the California legal cannabis industry is thriving.

The latest evidence?

California just revealed that it collected $817 million in legal cannabis taxes in fiscal 2020-2021, up an eye-popping 55% from the previous year. Tax revenue for the fourth quarter totaled $212 million, topping the 3-month average since legalization rolled out. Continue reading “California Cannabis Stock on Sale by 45%”

New York Governor Vows to Unleash $1 Billion Cannabis Market

Investors searching for a catalyst to pull cannabis stocks out of this 7-month bear market should look to New York. New York Governor Andrew Cuomo’s recent resignation could be a solid catalyst for the U.S. cannabis industry.

New York voted to legalize recreational cannabis back in March of 2021. The process to get the market up and running had become stalled after Cuomo became embroiled in a dispute with the NY Senate.

Because of this dispute, Cuomo failed to appoint key positions required to create a regulatory structure for the New York cannabis industry to launch. This is a serious logjam that needs to be cleared for the industry to get off the ground. Continue reading “New York Governor Vows to Unleash $1 Billion Cannabis Market”