New York Governor Vows to Unleash $1 Billion Cannabis Market

Investors searching for a catalyst to pull cannabis stocks out of this 7-month bear market should look to New York. New York Governor Andrew Cuomo’s recent resignation could be a solid catalyst for the U.S. cannabis industry.

New York voted to legalize recreational cannabis back in March of 2021. The process to get the market up and running had become stalled after Cuomo became embroiled in a dispute with the NY Senate.

Because of this dispute, Cuomo failed to appoint key positions required to create a regulatory structure for the New York cannabis industry to launch. This is a serious logjam that needs to be cleared for the industry to get off the ground. Continue reading “New York Governor Vows to Unleash $1 Billion Cannabis Market”

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?”

2 Stocks to Play Connecticut Going Legal

Connecticut just became the 19th U.S. state to legalize recreational cannabis. While it’s not exactly a game-changer for the U.S. cannabis industry, Connecticut has a shot at growing into a $1 billion cannabis market within the next five years.

This is creating another great investment opportunity in the cannabis sector, and there are two leading cannabis companies that are best positioned to capitalize. Continue reading “2 Stocks to Play Connecticut Going Legal”

Cannabis Stocks on Sale after 20% Decline

For investors who love getting a good deal, this is an excellent time to take a fresh look at cannabis stocks.

After an incredible 12-month run higher from March of 2020 to February of 2021, cannabis stocks have entered a bear market – defined as a 20% or more decline from the 52-week high.

The Advisors Shares Pure U.S. Cannabis ETF (MSOS) is down 21% from the 52-week high in mid-February. Take a look at the 6-month chart below – you can see the all-time high from February and the recent decline. Continue reading “Cannabis Stocks on Sale after 20% Decline”

Here’s How to Play New York’s Legalization of Recreational Cannabis

New York Governor Andrew Cuomo just revealed that the empire state is close to legalizing recreational cannabis. Analysts were expecting New York to go legal in 2021 – but after Cuomo’s revelations, it looks like it’s going to happen sooner than expected. Continue reading “Here’s How to Play New York’s Legalization of Recreational Cannabis”