The vaping crisis has taken a big bite out of cannabis stocks.
Since the story went viral in early August, the Alternative Harvest ETF (MJ) has fallen 30%.
That big drop happened because investors started pricing in a worst-case scenario for vaping and the cannabis industry – that vaping was going to be banned in the US. That might sound extreme but there were some big knee-jerk reactions from public health officials. Continue reading “The Most Undervalued Cannabis Stock”→
The cannabis industry has a huge event right around the corner – this could be the spark the industry needs to break out of this bear market.
On October 17, the size of the Canadian cannabis market is expected to double. That’s the day cannabis extracts (edibles, beverages, oils) become legal in Canada. Leading market-research firm Deloitte is projecting this will generate an additional $2.7 billion in annual sales, doubling the size of the Canadian cannabis market. Continue reading “2 Best Stocks for the Canadian Cannabis Beverage Market”→
Bruce Linton is the founder and former CEO of Canopy Growth Corp (WEED, CGC), the largest cannabis company in the world. Under Linton’s guidance Canopy grew from a market cap of $500 million to more than $12 billion, making Linton one of the most successful CEOs in the history of the stock market.
Yesterday Linton revealed his next moves in the cannabis industry, accepting advisor positions with three companies:
Gage Cannabis USA: Michigan dispensary chain.
Better Choice Company (OTC: BTTR): CBD products for pets.
The outlook for the US cannabis industry has never looked better. A recent report from Nielson, an industry-leading research firm, predicts enormous sales growth in the next five years.
In 2018, we estimate that total sales of all legalized cannabis in the U.S. reached $8 billion. With newer recreational markets such as Michigan and Illinois opening up for business in 2020 and more states likely to follow suit, we predict that sales of all legalized cannabis in the U.S. will reach $41 billion by 2025.
Europe is in position to grow into the largest cannabis market in the world in the next four years. Cannabis companies with an early presence in Europe’s high-growth cannabis industry are in position to capitalize.