Colorado is the most successful cannabis market in the United States.
Sales are booming and expected to continue rising. Consumers are happy with safe products at a good price. Business owners are profitable. Politicians have collected more than $1 billion in taxes in five years.
While California’s cannabis industry struggles with over-regulation and high taxes – Colorado has been the shining example of how to successfully launch and manage a recreational cannabis industry. Continue “Colorado Cannabis Stock up 137% in 2019 – More to Come?”
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 “Shares Jumped 86% in 16 Weeks the Last Time This Happened”
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 “4 Signals Canopy Is Ready for 50%-100% Rally”
