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.
I recently published an update on cannabis stocks on the Cannabis Stock Trades website. Here is a clip and a link to the full article. Enjoy!
Weed stocks are on fire in 2021. Looking forward I am expecting more gains because of three powerful catalysts directly on the horizon.
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.
Aurora Cannabis (ACB) shares are down 93% in the last 12 months. Bargain hunters might think this is a great time to buy low. However, despite the big decline, I see more losses ahead for Aurora.
The cannabis industry is thriving during the quarantine. Not only did the industry earn an essential designation, allowing it to continue operating during the quarantine, cannabis sales are spiking to a new all-time high as consumers stock up and blaze away the stress of a global pandemic.
This should be a pivotal week for the broader stock market and the cannabis sector. Global stocks are coming off a tough week – battered by the impact of coronavirus. The S&P 500 had its worst week since the financial crisis, falling 12% in five days.
After struggling in the second half of 2020, cannabis stocks are off to a hot start in 2020. For example Canopy Growth Corp (WEED, CGC) is up 25% in 2020 and up 65% from the 52-week low in late November.
