Cannabis Stocks Jump 26% in 5 Days – What’s Next?

There’s an old saying on Wall Street – the stocks that fall the most in a bear market are the ones that rally the most in a bull market.

This has played out dozens of times in the last 100 years in the broader stock market. Now – it’s turning out to be true for one of the youngest sectors in the global economy – cannabis stocks.

Cannabis stocks struggled in March when the broader stock market dropped. Continue reading “Cannabis Stocks Jump 26% in 5 Days – What’s Next?”

Cannabis Sales Surge on Coronavirus – 2 Reasons it Matters

Coronavirus is having a devastating effect on many industries in the United States and across the globe.

For example, millions of US citizens are canceling travel plans and that is crushing US airline industry revenue. That’s why the US airline industry just asked for a $50 billion financial bailout from the federal government that would be three times the size of the airline bailout after September 11. Continue reading “Cannabis Sales Surge on Coronavirus – 2 Reasons it Matters”

Is Joe Biden Good for Cannabis Stocks?

Last week we saw a big shift in the US political landscape. This shift has important implications for the US cannabis industry and cannabis investors need to know about it.

After a strong performance on Super Tuesday, former Vice President Joe Biden has surged in the polls, becoming the candidate with the highest probability to win the Democratic primary. Continue reading “Is Joe Biden Good for Cannabis Stocks?”

Are Cannabis Stocks Immune to Coronavirus?

Coronavirus (COVID-19) is becoming a serious problem for the global economy and global stocks.

As the mysterious virus rages across the planet, global stocks are taking a beating.

The Chinese economy is grinding to a halt. Oxford Economics, a global economic research firm, recently predicted that coronavirus could reduce global growth by 1.3%, equal to $1.1 trillion in lost income. Continue reading “Are Cannabis Stocks Immune to Coronavirus?”

Canopy Jumps 25% on Strong Q3 Results: New Rally in 2020?

Cannabis investors looking for a reason to be optimistic about 2020 just got a huge blast of great news.

Canopy Growth Corp (TSX: WEED, NYSE: CGC), the largest cannabis company in the world, jumped as much as 25% in one day after reporting better than expected third-quarter results.

The good news sent CGC and other cannabis stocks rocking. While those short-term gains are promising, this report may signal that cannabis stocks are ready to rebound in 2020.

Continue reading “Canopy Jumps 25% on Strong Q3 Results: New Rally in 2020?”

Pick-and-Shovel Cannabis Stock Already up 14% in 2020

During the US gold rush of 1850, there were two main ways to cash in. The first was mining for gold. While some prospectors did strike it big, many went broke and never found a thing. The second way to capitalize on this big event was by selling picks and shovels to miners. This didn’t offer the huge upside potential of finding gold, but it was less risky and still profitable.

I see the same dynamic unfolding in today’s cannabis industry. You have companies that are looking to strike it big with direct cannabis sales, and you have companies sitting in the shadows while playing a supportive role and making money.

One pick-and-shovel cannabis stock is burning up the charts and I see more gains ahead. Continue reading “Pick-and-Shovel Cannabis Stock Already up 14% in 2020”

Bernie Could Send This Stock Soaring

Vermont Senator, Bernie Sanders (D), just emerged as the most cannabis-friendly US presidential candidate.

Sanders revealed that, if elected, he would legalize cannabis in every US state through executive action on his first day in office.

At an Iowa rally, Sanders said, “We will end the destructive war on drugs. On my first day in office through executive order, we will legalize marijuana in every state in this country.” Continue reading “Bernie Could Send This Stock Soaring”

Massachusetts’ Cannabis Sales on Fire – Cash in with this Early Leader

Illinois isn’t the only US cannabis market that’s on fire.

Massachusetts is another state that cannabis investors need to watch closely.

This state legalized medical cannabis in 2012. Recreational cannabis followed at the end of 2018, and sales have been booming for the last 12 months.

Massachusetts is quickly growing into one of the largest cannabis markets in the US and the capital of the Northeast cannabis market. Continue reading “Massachusetts’ Cannabis Sales on Fire – Cash in with this Early Leader”