Michael Vodicka is the president and founder of the Vodicka Group Inc., a licensed investment advisor (Series 65) and a financial journalist. He is also the founder and Editor of Cannabis Stock Trades – an online research platform that provides unbiased cannabis stock research.
Cannabis stocks had a tough second quarter and closed the first half of the year basically even. Despite the volatility, the U.S. cannabis industry is booming and I expect a strong second half of the year for cannabis stocks.
Illinois’ young cannabis industry continues to beat even the most optimistic projections. Recent sales data from March once again smashed expectations and hit a fresh all-time high. These three cannabis stocks are cashing in on the trend.
Despite enormous challenges weed stocks ended up having an incredible year in 2020. Many of our favorite stocks delivered huge returns in the last 12 months. Looking forward I believe the stage is set for more gains in 2021 because of three powerful catalysts.
Today I am going to reveal the five major catalysts that I expect to drive cannabis stocks deep into a new all-time high in 2021. And then I am going to reveal my #1 cannabis stock for 2021 to play the trend.
Cannabis stocks jumped again this week after the House passed the MORE Act, essential federally legalizing cannabis. The bill still needs to clear the republican controlled senate – but it’s 2020 and crazier things have happened.