“Cannabis Industry Outlook for 2017” Paints a Very Bullish Outlook for Cannabis Stocks

Cannabis stocks have struggled since the November 8 election. Almost every stock I follow is down since then. However, I don’t believe that weakness signals a shift in sentiment. I believe it is being driven by end of year profit taking and tax-loss harvesting. Keep in mind, most cannabis investors are sitting on huge gains on the year. Looking forward, Cannabis investors should focus on long-term buy and hold and use dips as a chance to buy more shares. When this wave of profit taking and tax loss harvesting ends next week, I’m expecting cannabis stocks to rebound and begin advancing again in 2017.