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
Can These Pot Stocks Continue to Compete Amidst the Cannabis Industry Competition? The cannabis industry has churned out some winning marijuana stocks to watch in the past few years. While not all pot stocks are made equally, some have managed to climb to the top quite quickly. This includes popular choices like OrganiGram Holdings Inc. (NASDAQ:OGI) and GW Pharmaceuticals Inc. (NASDAQ:GWPH). But, investors often…
What’s the Deal Behind These Behemoth Pot Stocks to Watch? As far as the cannabis industry goes, size does matter. In the past few years, we have seen many marijuana stocks climb into the top ten range for market cap. Now, this is not to say that all of these companies are marijuana stocks to buy, but rather their size…
When you think of the stock market, the last thing you probably think of is cannabis and marijuana. However, you would be mistaken to discount this booming industry, the marijuana industry is expected to triple in the next five years. As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and…
Cannabis stocks are facing a year in which they will finally have to put their money where their mouths are. Investors will need to see profitability from the full range of product types, and they will need to see it even before the retail environment is optimized. While there is some bullishness that a relaxing of the retail stranglehold on…
The holidays are coming, and with them the chance for upside in Canada’s hottest new industry. Cannabis 2.0 will be put to the test as the full range of vapes, edibles, and cannabis drinks test consumer demand. Here are two of the top stocks to stash in your stocking in for December. Cannabis 2.0 will test the market Canopy Growth…