With warm weather upon us and people in the U.S. eager to make up for lost time from last year, it’d be a shock if marijuana sales did anything other than surge. Canny cannabis investors are, understandably, keen to cash in before the moment passes. It’s not enough to just buy shares of the fastest-growing cannabis cultivators, though. Quick growth…
The marijuana boom amid the coronavirus pandemic has brought a lot of attention to the sector. Cannabis sales have been on the rise ever since marijuana was deemed an “essential item” during pandemic-related lockdowns. This not only benefited U.S. cannabis companies’ revenue and profits, but also was advantageous for companies indirectly linked to the cannabis sector. With more and more…
These marijuana stocks made investors rich in November. Here’s why they’ll do it again. A “Green Wave” is sweeping across North America. In November, voters in four states cast their ballots to legalize recreational marijuana, which will open up new cannabis markets in Arizona, Montana, New Jersey, and South Dakota. The North American legal marijuana market will likely reach $19.1…
On Election Day, majorities of voters in New Jersey, Arizona, South Dakota, and Montana cast their ballots to legalize recreational marijuana. That brings the number of states in which adult-use cannabis is legal to 15 states plus Washington, D.C. Another 20 states have legalized the use of marijuana for medical purposes. Next year, Florida, New York, and Ohio are likely to…
Lagging profitability is partly due to companies’ initial overestimates of consumer demand for marijuana. As a result, facility closures and inventory write-offs have forced many businesses to endure consistent and devastating blows to their profitability. After all, the legal cannabis market in Canada is valued at CA$2.4 billion this year, and household spending on legal marijuana overtook household spending on…
While the healthcare sector is fighting to reach the finish line of finding a cure for coronavirus and putting an end to the worldwide misery it causes, cannabis is proving relief to people dealing with this crisis. This has put the cannabis sector in the limelight again — not only highlighting the medical benefits of marijuana, but also giving an…
Many of the high-flying pot stocks of not too long ago are now among the biggest losers in today’s volatile market. However, there are still promising picks in the cannabis industry for long-term investors. There are three marijuana stocks that look especially appealing right now. Here’s why Innovative Industrial Properties (NYSE:IIPR), Scotts Miracle-Gro (NYSE:SMG), and Green Thumb Industries (OTC:GTBIF) are top cannabis…
Cannabis stocks have had a tough year. Since the summer, most marijuana ETFs have been cut in half. Yet the long-term promise remains clear. Many analysts expect global sales to hit $100 billion by 2030, representing 1,000% growth. If you want to invest in cannabis stocks, it pays to have a multi-year vision. Still, short-term market gyrations can make some…
Marijuana stocks have explosive potential. The global cannabis industry could generate annual sales as high as $200 billion within the next decade, according to investment bank Stifel. This would represent growth of more than 1,500% from the approximately $12 billion in sales the industry produced in 2018. The following three cannabis companies are particularly well-positioned to profit from the cannabis…
Canopy Growth, Charlotte’s Web Holdings, and HEXO Corp. are worth checking out this month. Here’s why. READ MORE: https://finance.yahoo.com/news/3-top-cannabis-stocks-watch-152500249.html?.tsrc=rss
Cannabis Daily Top Stocks by TradingView
Cannabis has been illegal at a federal level in the US since 1970, when the Controlled Substances Act was passed by the Congress. Things started to change in 1996, when California became the first state to legalize medicinal use of marijuana. Since then it has been a long and treacherous road, but most states (35 to be more exact) have…