If New York Goes Legal, This Stock Should Soar

Cannabis investors looking for the next big thing need to keep a close eye on New York.

New York Governor, Andrew Cuomo, has made legalizing recreational cannabis one of his top priorities in 2020. Here are some more details from MJbizdaily.com.

New York Gov. Andrew Cuomo on Wednesday promised to legalize recreational cannabis in the state as part of his 2020 agenda. Continue reading “If New York Goes Legal, This Stock Should Soar”

Canopy Jumps 32% in 2 Weeks: Time to Buy?

Canopy Growth Corp (WEED, CGC) is the undisputed king of the global cannabis industry.

The Canadian juggernaut is the largest cannabis company in the world with a market cap of more than $8 billion and, in 2018, landed a $4 billion investment from Constellation Brands (STZ), one of the largest alcohol distributors in the world.

Despite the impressive resume, Canopy struggled in 2019.

After charging higher in 2016, 2017 and 2018 – Canopy shares fell 35% in 2019. Continue reading “Canopy Jumps 32% in 2 Weeks: Time to Buy?”

Thanksgiving Cannabis Sector Update

First off, happy Thanksgiving! We all have so much to be thankful for and we truly appreciate that you are here for your cannabis news and analysis.

2019 has been a tough year for the cannabis sector. However – we are still extremely optimistic about the sector.

Here’s a quick Thanksgiving update and what we should expect in December and into 2020. Continue reading “Thanksgiving Cannabis Sector Update”

2 Market Leaders Cashing in on Florida’s Cannabis Program

Florida has emerged as the fastest-growing medical cannabis market in the country.

Florida legalized medical cannabis in 2016 – since then, the state’s medical program has been booming.

According to a report from CBS Miami, the number of medical cannabis patients in Florida has more than doubled in the last year, growing from less than 200,000 to more than 400,000. Continue reading “2 Market Leaders Cashing in on Florida’s Cannabis Program”

Colorado Cannabis Stock up 137% in 2019 – More to Come?

Colorado is the most successful cannabis market in the United States.

Sales are booming and expected to continue rising. Consumers are happy with safe products at a good price. Business owners are profitable. Politicians have collected more than $1 billion in taxes in five years.

While California’s cannabis industry struggles with over-regulation and high taxes – Colorado has been the shining example of how to successfully launch and manage a recreational cannabis industry. Continue reading “Colorado Cannabis Stock up 137% in 2019 – More to Come?”

Shares Jumped 86% in 16 Weeks the Last Time This Happened

The cannabis sector is stuck in a pretty brutal bear market. The sector is down about 50% from the 52-week high, logging six consecutive losing months. That kind of a losing streak is testing the most committed cannabis investors. Even true believers are asking if it’s time to throw in the towel.

However, according to Warren Buffett, this is the best time to be buying. Continue reading “Shares Jumped 86% in 16 Weeks the Last Time This Happened”

4 Signals Canopy Is Ready for 50%-100% Rally

The big talk in the cannabis sector right now is how much cannabis stocks have struggled in 2019.

The cannabis ETF Alternative Harvest (NYSE: MJ) is down 25% in 2019 and 50% from the 52-week high.

Sector leader Canopy Growth Corp (TSE: WEED, NYSE: CGC) led the market lower, down 30% in 2019 and more than 60% from the 52-week high.

Excitement about the booming cannabis industry is at an all-time high. So while this decline has been disappointing for shareholders – it has also created a long-awaited opportunity. Continue reading “4 Signals Canopy Is Ready for 50%-100% Rally”