Cannabis Leader Jumps 26% in One Day – More to Come?

Cannabis earnings season just got off to a great start, with one of the world’s largest cannabis companies reporting a big surprise. That sent shares of this early global leader up by 26% in just one day.

While that’s impressive on its own, according to one of Wall Street’s best-kept secrets, this stock is headed for more gains. Continue reading “Cannabis Leader Jumps 26% in One Day – More to Come?”

Worried About Inflation? Try this Cannabis Stock

Here’s the good news – the COVID economic recovery is booming. First-quarter U.S. gross domestic product (GDP) growth came in at 6.4%, putting the U.S. economy on pace for its best year of growth since 1984.

The bad news? Inflation is soaring. In fact, it just hit a 13-year high. Here are some more details from Reuters.

In the 12 months through June, the CPI jumped 5.4%. That was the largest gain since August 2008 and followed a 5.0% increase in May. Excluding the volatile food and energy components, the CPI accelerated 0.9% after increasing 0.7% in May. The so-called core CPI surged 4.5% on a year-on-year basis, the largest rise since November 1991, after advancing 3.8% in May.

Not only is higher inflation a threat to consumers, but it’s also a threat to the stock market. Continue reading “Worried About Inflation? Try this Cannabis Stock”

Forget Federal Legalization – The SAFE Act is as Good and Can Still Pass

House Majority Leader Chuck Schumer (D) just made good on one of the most ambitious goals of his career.

On Wednesday, Schumer released draft legislation of The Cannabis Administration and Opportunity Act, a cannabis bill that would legalize cannabis at the federal level.

On the surface, this sounds like a watershed moment for the U.S. cannabis industry. Federal legalization would unleash the true potential of the U.S. cannabis industry. It would generate billions in new economic activity. It would also create thousands of new jobs and generate billions in taxes for state and local governments. Continue reading “Forget Federal Legalization – The SAFE Act is as Good and Can Still Pass”

Up 568% in 12 Months and More to Come?

When a stock is up 568% in 12 months that usually a good time to lock in some gains. However, the cannabis sector just created an exception.

GrowGeneration Corp. (NASDAQ: GRWG) is the largest retailer of specialty hydroponics and cultivation materials in the U.S. GrowGen currently own 55 stores, which include 20 locations in California, eight locations in Colorado, seven locations in Michigan, five locations in Maine and Oklahoma, two locations in Nevada, Washington, Oregon, Arizona, Rhode Island, Florida, and Massachusetts. GrowGen also operates an online superstore for cultivators. Continue reading “Up 568% in 12 Months and More to Come?”

Cannabis Stocks Gain 6% in First Half of 2021

Cannabis stocks eked out a small gain in the first half of 2021. But the path to that small gain was quite bumpy.

The sector was on fire early in the year after the Democrats took the White House and both chambers of Congress. At one point in early February, the Advisor Shares US Cannabis ETF (NYSE: MSOS) was up more than 50%.

However, after hitting the new 52-week high, cannabis stocks fell into a bear market. After falling for most of the last three months, the Advisor Shares US Cannabis ETF closed the first half of 2021 with a 6% gain. Continue reading “Cannabis Stocks Gain 6% in First Half of 2021”

2 Stocks to Play Connecticut Going Legal

Connecticut just became the 19th U.S. state to legalize recreational cannabis. While it’s not exactly a game-changer for the U.S. cannabis industry, Connecticut has a shot at growing into a $1 billion cannabis market within the next five years.

This is creating another great investment opportunity in the cannabis sector, and there are two leading cannabis companies that are best positioned to capitalize. Continue reading “2 Stocks to Play Connecticut Going Legal”

Play the Vegas-COVID Recovery with this Cannabis Superstore

The U.S. economy continues to recover from the COVID lockdown – and nowhere is this more apparent than in Las Vegas. Las Vegas has recently experienced a big uptick in visitors as consumers gain more confidence and emergency orders lift.

The Las Vegas economy should continue to recover in the coming weeks and months. Casinos are now operating at 100% capacity, and that should drive millions of new tourists into Sin City in the second half of the year.

The Las Vegas recovery is a big win for one of the largest cannabis companies in the U.S.

With more tourists rushing back to Las Vegas, I expect this market leader to see a big increase in sales in the second half of 2021, and I think it will be great for the stock’s share price. Continue reading “Play the Vegas-COVID Recovery with this Cannabis Superstore”

2 Stocks to Play Amazon’s New Cannabis Goal

The U.S. cannabis industry has a powerful new ally – one of the largest and most influential tech companies ever. Not only does this tech goliath support federal cannabis legalization, but it will also invest millions lobbying Congress to make it happen.

Today I’ll explain how Amazon’s announcement could impact the cannabis industry and how to potentially profit with two cannabis stocks that just reported impressive first-quarter sales growth. Continue reading “2 Stocks to Play Amazon’s New Cannabis Goal”

$1.7 Billion Cannabis Stock IPO: Buy or Pass?

Cannabis investors looking to buy low need to check out the biggest cannabis stock IPO of 2021.

An early industry leader valued at $1.7 billion just began trading on the Canadian Stock Exchange. And while this company is delivering crazy sales growth, shares have hardly moved since going public, making this a bargain opportunity in the cannabis sector.
Continue reading “$1.7 Billion Cannabis Stock IPO: Buy or Pass?”

5 Reasons It’s Time to Buy Cannabis Stocks

For the last few years, the cannabis sector has experienced extended periods of strength followed by large pullbacks that lasted on average three to six months. During this period, buying cannabis stocks on a pullback has been a highly effective strategy.

Today, investors want to know if this a good time to buy cannabis stocks…

The short answer is yes.

I see five powerful catalysts that tell me this is a great time to buy cannabis stocks. Continue reading “5 Reasons It’s Time to Buy Cannabis Stocks”