Play Colorado’s $2 Billion Market with this Hidden Stock

Legal cannabis is one of the few industries that continued to grow in 2020 despite the economic collapse triggered by COVID-19.

Denver is thriving and one of the strongest markets in the U.S. A new report from the City of Denver shows that cannabis sales hit a record $715 million in 2020, up 21% from record sales in 2019. That created tax revenue of $70 million for the city of Denver – a windfall for local politicians.

Denver’s thriving market is part of a larger trend. Cannabis sales in Colorado have been booming for years and hit a new all-time high of more than $2 billion in 2020. Continue reading “Play Colorado’s $2 Billion Market with this Hidden Stock”

California Cannabis Stock on Sale by 45%

After getting off to a slow start, the California legal cannabis industry is thriving.

The latest evidence?

California just revealed that it collected $817 million in legal cannabis taxes in fiscal 2020-2021, up an eye-popping 55% from the previous year. Tax revenue for the fourth quarter totaled $212 million, topping the 3-month average since legalization rolled out. Continue reading “California Cannabis Stock on Sale by 45%”

U.S Cannabis Sales Surging – Why Aren’t Shares Responding?

Second-quarter earnings season is almost over. The big winner? The U.S. cannabis industry.

Some of the largest U.S. cannabis companies just reported another quarter of incredible sales growth. In fact, I don’t know of any other sector that is growing this fast. Here is a list of the best reports.

  • Ascend Wellness (OTC: AAWH) revenue was up 236% from last year.
  • Curaleaf Holdings (OTC: CURLF) revenue was up 166% from last year.
  • Green Thumb Industries (OTC: GTBIF) revenue was up 85% from last year.
  • Harvest Health and Recreation (OTC: HRVSF) revenue was up 84% from last year.

With these kinds of results, you would think shares would be surging. However, the cannabis sector remains trapped in a bear market. Continue reading “U.S Cannabis Sales Surging – Why Aren’t Shares Responding?”

Cannabis Companies: House’s SAFE Act Vote A Milestone

A vote in Congress to ease banking restrictions on cannabis companies is being praised for the possibility the legislationĀ could make operating in the nascent industry much easier and more fair, and for the signal it sends that marijuana is moving toward establishment acceptability. Continue reading “Cannabis Companies: House’s SAFE Act Vote A Milestone”