US cannabis stocks just had their best day of the year after a game-changing shift in US cannabis policy hit the Street. If I’m correct, the stage is now set for a huge rally that could send cannabis stocks soaring to a new all-time high. Today, I am going to tell you what’s going on and how you can potentially profit.
On April 13, the US cannabis index jumped more than 15%, the largest one-day gain of the year, on news of a huge shift in US cannabis policy.
In news that completely shocked the cannabis industry and stocks, President Trump promised to support legislation to protect state cannabis rights.
Here’s a clip from a Bloomberg article with more details:
President Donald Trump endorsed letting states decide how to regulate marijuana, in a major boost for the legal pot industry.
Colorado Republican Senator Cory Gardner said that as a result of Trump’s assurances, he’ll end a blockade of Justice Department nominees. Gardner held up the nominees after Attorney General Jeff Sessions rescinded an earlier Justice Department memo that shielded marijuana operations in states like Colorado from enforcement of the federal ban on the drug.
“Since the campaign, President Trump has consistently supported states’ rights to decide for themselves how best to approach marijuana,” Gardner said in a statement Friday. “President Trump has assured me that he will support a federalism-based legislative solution to fix this states’ rights issue once and for all.”
Read the full article – Trump Backs State-Level Marijuana Regulation, Lifting Pot Stocks
This is part of a very recent trend in the US – powerful politicians with conservatives roots showing a lot more support for cannabis.
Former US Speaker of the House, John Boehner, just announced last week that he was joining the advisory board of one of the largest cannabis companies in the US.
These two events signal a game-changing reversal in US cannabis policy that could quickly lead to billions in new sales and profits for the cannabis industry.
This flip-flop on cannabis support is creating a rare opportunity for investors to profit. I expect a select group of US cannabis stocks to soar in the next few months.
However – it’s also creating a dilemma.
In the US, there are hundreds of cannabis stocks to choose from. Outside of the US, there are a thousand more.
In order to be successful investing in cannabis stocks, you have to know which stocks to buy and which ones to avoid.
Investing in the wrong cannabis stocks can be extremely frustrating and costly.
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We are currently holding 20 of the most promising cannabis stocks that I have rigorously vetted.
That includes six US cannabis stocks that I expect to benefit from changes in US cannabis policy.
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One of our model portfolio holdings, Sunniva (CNSX: SNN), is a direct play on California’s high-growth cannabis industry.
The company is in the early stages of building a 498,000 square foot cannabis greenhouse in Southern California’s Cathedral City that would be one of the largest in the state.
The project broke ground in October of 2017.
Phase I of the facility will be a 325,000-square-feet facility expected to produce 177,000 pounds of dry cannabis annually, with around 50% of production converted into oils and extracts.
Phase II will add 164,000 square feet to the facility, adding 100,000 more pounds of cannabis produced each year.
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