Cannabis REIT Up 33% in 2021 and Eyeing New High

2021 has been a tough year for U.S. cannabis stocks.

The Advisor Shares US Cannabis ETF (MSOS) is down 20% on the year and 45% from the 52-week high.

However, while most U.S. cannabis stocks have struggled, one industry leader has delivered a market-crushing 33% gain on the year.

This early industry leader just:

  • reported 100% revenue growth in 12 months
  • paid a quarterly dividend of $1.32 per share, up 32% from last year
  • saw shares hit a new all-time high

Continue reading “Cannabis REIT Up 33% in 2021 and Eyeing New High”

Worried About Inflation? Try this Cannabis Stock

Here’s the good news – the COVID economic recovery is booming. First-quarter U.S. gross domestic product (GDP) growth came in at 6.4%, putting the U.S. economy on pace for its best year of growth since 1984.

The bad news? Inflation is soaring. In fact, it just hit a 13-year high. Here are some more details from Reuters.

In the 12 months through June, the CPI jumped 5.4%. That was the largest gain since August 2008 and followed a 5.0% increase in May. Excluding the volatile food and energy components, the CPI accelerated 0.9% after increasing 0.7% in May. The so-called core CPI surged 4.5% on a year-on-year basis, the largest rise since November 1991, after advancing 3.8% in May.

Not only is higher inflation a threat to consumers, but it’s also a threat to the stock market. Continue reading “Worried About Inflation? Try this Cannabis Stock”