It’s one of Wall Street’s best-kept secrets – a studied market anomaly that helps investors ride a move after a company reports an earnings surprise. And right now looks like a great time to apply this strategy to the cannabis sector after two of the most exciting cannabis stocks just crushed fourth-quarter expectations.
Joe Biden has been sworn in as the 46th President of the United States. There are few groups more excited than cannabis investors. The Joe Biden presidency is likely to fuel even better growth in the U.S. cannabis industry.
While I expect many cannabis stocks to benefit, I believe that one is in the best position to benefit from a cannabis-friendly administration.
2020 turned out to be an incredible year for cannabis stocks.
After falling sharply in 2019, the sector was hit hard again in the spring when COVID-19 ravaged global markets. Cannabis stocks and sentiment hit a multi-year low, and many cannabis investors threw in the towel.
I see a hot new cannabis stock that everyone needs to know about.
Weedmaps is one of the most popular websites in the pot industry.
Founded in 2008 and headquartered in Irvine, California, the Weedmaps website connects cannabis retailers with cannabis consumers. The company also offers a suite of online tools to help cannabis companies manage operations.
A big merger puts Weedmap’s growth potential into play for U.S. investors.
The most important time of the quarter has arrived for cannabis stocks.
Earnings season is the time when companies reveal sales and earnings results for the previous quarter – and just as important, companies provide guidance on what investors should expect for the following quarter.