Cash in on Nevada’s Economic Growth with this Cannabis Industry Leader

Nevada’s strong economic post-COVID recovery is driving the state’s booming cannabis market.

Nevada recorded GDP growth of 9.7% in the second quarter, the best growth rate of all 50 U.S. states, beating Hawaii’s 8.9% GDP growth. This strong economic recovery has given Nevada’s legal cannabis industry a big boost.

Nevada just reported record cannabis sales of more than $1 billion in the last twelve months, smashing the previous year’s taxable sales of only $685 million.

Investors looking to cash in on Nevada’s high-growth cannabis market should check out an undercover cannabis stock that is an early industry leader in the state. Continue reading “Cash in on Nevada’s Economic Growth with this Cannabis Industry Leader”

Meet the New King of the U.S. Cannabis Industry

The U.S. cannabis industry has a new king. This new royalty is a product of a $2.1 billion merger, the largest buyout in the history of the young U.S. cannabis industry.

So which company has quickly jumped to the top of the sector?

Continue reading “Meet the New King of the U.S. Cannabis Industry”

Play Colorado’s $2 Billion Market with this Hidden Stock

Legal cannabis is one of the few industries that continued to grow in 2020 despite the economic collapse triggered by COVID-19.

Denver is thriving and one of the strongest markets in the U.S. A new report from the City of Denver shows that cannabis sales hit a record $715 million in 2020, up 21% from record sales in 2019. That created tax revenue of $70 million for the city of Denver – a windfall for local politicians.

Denver’s thriving market is part of a larger trend. Cannabis sales in Colorado have been booming for years and hit a new all-time high of more than $2 billion in 2020. Continue reading “Play Colorado’s $2 Billion Market with this Hidden Stock”

Cannabis Stocks Spiking on Hopes for Banking Bill

The U.S. cannabis industry is on the verge of its biggest win of 2021.

It looks like some major cannabis legislation has a strong possibility of being passed in the next few weeks – and if it does pass, it could set the stage for a monster cannabis stock rally into the end of the year.

The bill in question is the Secure and Fair Enforcement (SAFE) Act, commonly referred to as the Safe Act. The Safe Act is one of the most popular cannabis bills and it has widespread support from both Democrats and Republicans. Continue reading “Cannabis Stocks Spiking on Hopes for Banking Bill”

Cannabis REIT Up 33% in 2021 and Eyeing New High

2021 has been a tough year for U.S. cannabis stocks.

The Advisor Shares US Cannabis ETF (MSOS) is down 20% on the year and 45% from the 52-week high.

However, while most U.S. cannabis stocks have struggled, one industry leader has delivered a market-crushing 33% gain on the year.

This early industry leader just:

  • reported 100% revenue growth in 12 months
  • paid a quarterly dividend of $1.32 per share, up 32% from last year
  • saw shares hit a new all-time high

Continue reading “Cannabis REIT Up 33% in 2021 and Eyeing New High”

California Cannabis Stock on Sale by 45%

After getting off to a slow start, the California legal cannabis industry is thriving.

The latest evidence?

California just revealed that it collected $817 million in legal cannabis taxes in fiscal 2020-2021, up an eye-popping 55% from the previous year. Tax revenue for the fourth quarter totaled $212 million, topping the 3-month average since legalization rolled out. Continue reading “California Cannabis Stock on Sale by 45%”

New York Governor Vows to Unleash $1 Billion Cannabis Market

Investors searching for a catalyst to pull cannabis stocks out of this 7-month bear market should look to New York. New York Governor Andrew Cuomo’s recent resignation could be a solid catalyst for the U.S. cannabis industry.

New York voted to legalize recreational cannabis back in March of 2021. The process to get the market up and running had become stalled after Cuomo became embroiled in a dispute with the NY Senate.

Because of this dispute, Cuomo failed to appoint key positions required to create a regulatory structure for the New York cannabis industry to launch. This is a serious logjam that needs to be cleared for the industry to get off the ground. Continue reading “New York Governor Vows to Unleash $1 Billion Cannabis Market”

This Cannabis Stock is up 130% in 2021 – More to Come?

The cannabis sector has been trapped in a nasty bear market in 2021.

The Advisor Shares US Cannabis ETF (MSOS) is down 12% on the year and 40% from the 52-week high.

However, while the broader cannabis sector has struggled, one fast-growing cannabis company has been jumping higher. In fact, this stock is up 130% in 2021, making it one of the best performing cannabis stocks of the year. Continue reading “This Cannabis Stock is up 130% in 2021 – More to Come?”

$1.1 Billion Play on New York Cannabis Ready to Go Public?

A new cannabis IPO is coming down the pike. This company is about to go public and it presents a big opportunity for investors.

Not only is this company one of the largest in the U.S., but the company also managed to land a $110 million investment from a Canadian cannabis powerhouse.

This company filed paperwork to go public this fall, and if all goes well, it could be one of the most exciting cannabis industry events of the year. Continue reading “$1.1 Billion Play on New York Cannabis Ready to Go Public?”

U.S Cannabis Sales Surging – Why Aren’t Shares Responding?

Second-quarter earnings season is almost over. The big winner? The U.S. cannabis industry.

Some of the largest U.S. cannabis companies just reported another quarter of incredible sales growth. In fact, I don’t know of any other sector that is growing this fast. Here is a list of the best reports.

  • Ascend Wellness (OTC: AAWH) revenue was up 236% from last year.
  • Curaleaf Holdings (OTC: CURLF) revenue was up 166% from last year.
  • Green Thumb Industries (OTC: GTBIF) revenue was up 85% from last year.
  • Harvest Health and Recreation (OTC: HRVSF) revenue was up 84% from last year.

With these kinds of results, you would think shares would be surging. However, the cannabis sector remains trapped in a bear market. Continue reading “U.S Cannabis Sales Surging – Why Aren’t Shares Responding?”