Pot stocks are on the rebound. Since the start of the year, many marijuana stocks are up by more than 10%. That’s not a huge bump, but it’s a welcome event following a disastrous 2019. Last year, the cannabis market at large was down by more than 50%. As with any emerging market, volatility should have been expected. Yet last…
2019 was supposed to be a banner year for the cannabis industry. It turned to be anything but. The legal cannabis industry here in Canada kicked off the year with lofty expectations. It seemed that finally, policymakers had created a regulated environment that could see products compete with — and hopefully eliminate — the illicit market while ushering in an…
August was a dismal month for most marijuana stocks. More than half a dozen pot stocks with market caps greater than $200 million plunged 20% or more during the last month. Several others fell by double-digit percentages. But there were a few exceptions to the August carnage. Three marijuana stocks performed really well last month: 22nd Century Group (NYSEMKT:XXII), Aphria…
Hi there, Fools. I’m back to call your attention to three attractive mid-cap stocks — or, as I like to call them, my top “sweet-spot” stocks. As a quick refresher, I do this because mid-cap companies — those with a market cap of between $2 billion and $10 billion — have two key features: More upside potential than large “blue-chip” companies;…
CORAL GABLES, FL / ACCESSWIRE / November 7,2018 / Medical cannabis and recreational marijuana have been put in a very bright spotlight on Wednesday. The US midterm elections have brought new states online for medical, recreational, and decriminalization of marijuana. Michigan became the 10th state to legalize recreational pot sales to adults and the first to do so in the Midwest. Missouri and Utah approved medical…
Introducing Hollister Cannabis Co. Famous Easy Rider Town Hollister California Now Boasts a Rebel Cannabis Company By Andrew Shaw, Publisher of Cannabis Daily The riot at the original 1947 motorcycle rally in Hollister California was the basis for the 1953 film The Wild One which forever marked the town as the birthplace of American Motorcycle culture. The town and its namesake are rumbling…
(Bloomberg) — Short-sellers are winning big this year with expensive bets against pot stocks.Cannabis bears have cleared $993 million in mark-to-market gains so far in 2019, even after losing $132 million this month as stocks bounced off their lows, according to data from financial analytics firm S3 Partners.Short exposure to the sector grew by $843 million or 35% in 2019,…
“Let not your heart be troubled,” is a famous passage from John 14:1 to find comfort in troubled times, a mantra that ManifestSeven CEO Sturges Karban finds applicable for the state of the cannabis market today. Karban recently took some time to sit down with CFN Media to discuss the cannabis industry, where he sees it heading and how ManifestSeven…
In October 2018, Canada became the first industrialized western nation to legalize recreational use of marijuana. This event — likely still the most important for the marijuana industry to date — was well received by investors, who saw a golden opportunity to cash in on the projected growth of sales of marijuana products by investing in cannabis stocks. Unfortunately, once…
It’s been just over a year since Canada legalized recreational marijuana as the U.S. government continues to deliberate over federal legalization. The market in both countries continues to present challenges and opportunities for government representatives, legal producers, consumers and the promo industry. On Nov. 20, the U.S. House Judiciary Committee passed the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act in…