The cannabis sector has a new king – an $8 billion, international juggernaut with more than a half-billion in revenue in the last 12 months.
I am going to reveal three key reasons why I call this early industry leader a long-term buy and hold. Continue reading “$8 Billion Weed Merger – Buy or Sell?”
Psychedelic stocks are quickly emerging as a red-hot sector.
Need evidence?
Take a look at Mind Medicine (NASDAQ: MNMD), a promising young biotech headquartered in New York, New York, that specializes in developing psychedelic drug therapies.
Shares were just uplisted from over-the-counter (OTC) markets to the NASDAQ stock exchange, and this stock is now up more than 1,000% in the last nine months. Continue reading “Psychedelic Stock IPO the Next 1,000% Gain?”
When the Democrats swept the U.S. elections in November, cannabis investors were excited over the potential for major cannabis reform. Today, 90 days into the Biden administration, we have a much better idea of what to expect.
While it looks like reforms may fall short of the holy grail of ‘federal legalization,’ I see a high probability of game-changing cannabis reform in 2021. Continue reading “Is This a Good Time to Buy Cannabis Stocks?”
Michigan has quickly evolved into one of the largest cannabis markets in the United States after going legal in 2020. Recent sales data shows that Michigan is on pace to generate more than $1 billion in cannabis sales in 2021. That would make Michigan one of the largest cannabis markets in the U.S. Continue reading “Play Michigan’s $1 Billion Cannabis Market with This Industry Leader”
Illinois’ young cannabis industry continues to beat even the most optimistic projections. Recent sales data from March once again smashed expectations and hit a fresh all-time high. Continue reading “3 Stocks to Play Illinois’ $1 Billion Cannabis Market”
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”
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”
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 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”
In the 1850 gold rush, millions of Americans headed west to get rich digging for gold. Very few of them ended up making any money. But for the stores that were selling picks and shovels, well that’s a different story. They made a fortune.
This is the genesis of what Wall Street calls the pick-and-shovel play.
A pick-and-shovel play is an investment in a company that sells supplies or materials to an entire industry or even multiple industries. Continue reading “Pick-and-Shovel Cannabis Play”