In the 1850 gold rush, millions of Americans headed west to get rich digging for gold. Very few of them ended up making any money. But for the stores that were selling picks and shovels, well that’s a different story. They made a fortune.
This is the genesis of what Wall Street calls the pick-and-shovel play.
If you’re like most cannabis investors, you probably own U.S. cannabis stocks. That makes sense. The U.S. is the largest and fastest-growing cannabis market in the world.
However, it would be a mistake to limit cannabis investing to just the U.S. International cannabis markets also offer exciting investment opportunities.
Israel has quickly evolved into one of the most promising international cannabis markets. After Israel updated its medical cannabis laws to be more inclusive, the tiny country of 11 million has seen its number of medical cannabis patients explode higher. Continue reading “Israeli Cannabis Leader Uplisting to NASDAQ”→
I see an exciting cannabis stock IPO on the horizon that investors need to know about. One of the largest and fastest-growing U.S. cannabis companies is set to begin trading on a major exchange in the next few weeks. Not only is this the most exciting cannabis stock IPO in two years, but it also signals an important new phase for cannabis stocks.
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.