History Says Cannabis Stocks Will Soar on October 17

It is the biggest event in the history of the cannabis sector.

It could send cannabis stocks soaring into a new all-time high.

And… its only seven days away.

On October 17, Canada will become the first country to legalize recreational cannabis.

This game changer is set to unleash a multi-billion dollar industry overnight.

Market-research firm Deloitte predicts that Canada’s legal cannabis industry will generate sales between $5 billion and $6 billion in 2019.

CIBC, one of Canada’s largest banks, predicts that cannabis sales will hit $6.5 billion by 2020, eclipsing the $5.1 billion that Canadians spent on liquor in 2017.

This is the kind of opportunity that only comes around once in a lifetime – and it’s creating an awesome investment opportunity.

Cannabis stocks have a clear history of jumping higher before and after these key legalization dates.

Let’s take a look at three recent examples.

1 – Cannabis Stocks Soared when Colorado went legal on Jan 1, 2014

On January 1, 2014, Colorado became the first US state to legalize recreational cannabis.

It was a breakout moment for the US cannabis industry – and it sent US cannabis stocks soaring.

For example, Cannabis Sciences (OTC: CBIS), a US-based cannabis biotech company, jumped more than 500% in the six weeks before and after January 1.

This isn’t an isolated example.

The entire cannabis sector has a history of rallying ahead of and after key legalization dates.

2- Cannabis Stocks Soared on the US Elections in 2016

Back on November 8, 2016, ten US states voted on cannabis bills. Eight of those ten ended up passing laws to legalize medical or recreational cannabis, scoring another big win for the US cannabis industry.

Cannabis stocks rallied for months ahead of and directly into the key date.

This time around it wasn’t just US cannabis stocks rallying.

The broader North American cannabis index, including US and cannabis stocks, almost doubled in the months leading up to the election.

Canadian stocks were some of the best performers.

Canopy Growth Corp (CGC, WEED), the largest cannabis company in the world, jumped 150% from mid-October to mid-November.

3 – Cannabis Stocks Soared on January 1, 2018, when California went Legal

The most recent example happened earlier this year, in January of 2018.

Recreational cannabis went legal in California on January 1, 2018.

California is the largest cannabis market in the world – sending cannabis stocks soaring into new all-time high.

The North American cannabis index jumped more than 200% in the two months leading up to and after the key date.

Many individual cannabis stocks were up even more.

Kushco Holdings (KSHB), a US-based cannabis company, jumped more than 300% from November to January, climbing from $2 to over $8.

You can see how shares gained momentum on January 1, the exact date California went legal.

Canadian stocks were just as strong.

Aurora Cannabis (ACBFF), one of Canada’s largest cannabis companies, triggered by California going legal, was up more than 400% from November to January.

These charts are important.

It shows that cannabis stocks have a clear history of surging higher when states go legal.

Next week, an entire country is set to go legal.

Its an unprecedented event in the history of the global cannabis sector.

All these examples and charts above tell me that cannabis stocks should get another big boost when Canada goes legal on October 17 and finish the year on a strong note.

How to Proceed in the Cannabis Sector for the Next Week

I’ve worked up a plan for my Cannabis Stock Trades members to capitalize on what I believe will be the stocks with the largest gains.

Members will receive continuous analysis, trade alerts, and conversation about this AMAZING day!

Join us before this historic day – become a member of CST.


Michael Vodicka
Editor, Cannabis Stock Trades

About the Author & Cannabis Stock Trades

Michael Vodicka is a Licensed Investment Advisor (Series 65), president and founder of the Vodicka Group Inc., a Registered Investment Advisor (RIA), a globally syndicated financial journalist, and editor of Cannabis Stock Trades. Michael and his wealth management clients have been investing in cannabis stocks since 2013.

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