4 Signals Canopy Is Ready for 50%-100% Rally

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. (more…)

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1st Australian Cannabis Stock Leads Industry

AusCann Group Holdings Ltd. (ASX: ACNNF) is a new name on the cannabis scene. Shares debuted on the Australian Stock Exchange on February 21 at $0.20 through a reverse merger. At first, shares were quiet. But since becoming the first Australian company to receive a cannabis permit, shares have been on the move…

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Campaign Contributions Are A Go

Last week, a federal judge ruled that preventing cannabis companies from making political campaign contributions was unconstitutional. Jacob Huebert, a senior attorney at Liberty Justice Center, said, “They have every right to speak out about politics and participate in it and try to influence the laws just like the rest of us do.”

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Cannabis Companies Push Bucks At Politicians

In the 2016 election cycle, marijuana companies pushed $75K to legislatures, with almost half going Democratic Sen. Tick Segerblom. Segerbolm’s 32 donations came from various Nevada companies and organizations, including Terra Tech Corp (TRTC), Nevada Dispensary Association, and NV Cann Lab.

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Cannabis For Concussions

Brain injuries have been a hot topic for the NFL. Cannabidiol, one of over 100 chemical compounds found in cannabis, is said to help stabilize the brain after injury. While marijuana remains one of eight drugs banned by NFL, new concussion testing may help to change policies.

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Science Suggests That Spicer Is Wrong

In a White House press briefing, press secretary, Sean Spicer, suggested that legalized recreational marijuana would contribute to the nation’s opioid crisis. At this time, research suggests that opioid addiction is directly linked to excessive and improper prescriptions.

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