Canopy is down 60% from the 52-week high and shareholders are feeling the pain. However, I see four bullish signals on the chart that tells me shares are overdue for a big rebound.
I see a hot new cannabis stock IPO that weed stock investors need to know about. Israel is considered the cannabis research capital of the world. Israeli scientists began studying cannabis back in the 1960’s. In 1973 Israel become one of the first countries in the world to legalize medical cannabis. Israel reformed its medical cannabis industry in 2016 and today – the industry is seeing record demand.
The 2020 US presidential election is a profit trigger for US cannabis stocks. The democrat candidates are showing big support for legalization. I expect that to generate al lot of interest in US cannabis stocks, and that could easily trigger a big rally in the sector.
Cannabis is set to go legal in Illinois on January 1, 2020. Analysts are predicting Illinois will grow into one of the largest cannabis markets in the US, with annual sales between $1.5 billion and $2 billion. Today I am going to reveal a promising young cannabis company that is ready to cash in on Illinois going legal.
Weed stocks had a tough third quarter, falling into one of the longest and deepest bear markets ever. However, despite the weakness, I am expecting a rebound in the fourth quarter with a string of good news set to hit the industry.
Cannabis stocks are stuck in a bear market, down about 50% from the 52-week high. Here’s the good news – bear markets have historically triggered huge rallies and I see four short-term catalysts.
The cannabis sector has been stuck in a bear market for the last few months. But now – the sector is flashing some early signs that the sell off could be over and the sector is ready for a rebound and new rally.
The cannabis sector continues to struggle in a bear market after Canopy Growth Corp (WEED, CGC), the largest cannabis company in the world, reported disappointing second quarter results after the bell yesterday. Today I am going to provide a sector update and share my outlook for the next few weeks.
Cannabis stocks got off to a blazing start to 2019 – trading deep into the green early in the year. But the sector has been weak for the last few months, falling into a bear market. Today I am going to provide an update on what has been going on and what to expect in the second half of the year.