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”

Mexico Set to Become 3rd Country in World to Legalize?

While cannabis stocks are stuck in a bear market – the global cannabis market continues to expand at a rapid pace.

What’s the next domino to fall?

Mexico is on pace to become the third country in the world to legalize cannabis, and it should happen by the end of the year. Continue reading “Mexico Set to Become 3rd Country in World to Legalize?”

The Most Undervalued Cannabis Stock

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”

2 Best Stocks for the Canadian Cannabis Beverage Market

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”