Cannabis Stocks off to Hot Start in 2020
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.
Canopy Jumps 50% in 4 Weeks – New Rally Here?
It’s been a tough year for cannabis stocks. However I am seeing some important signals that tell me the worst is over and that cannabis stocks are ready to resume the long-term trend higher in 2020.
Is Joe Biden Good for US Weed Stocks?
Joe Biden spooked the cannabis market last week. He called cannabis a gateway drug and said he needs to see more research before legalizing. Biden has walked those comments back – however – his comments left a lot of investors asking –
Is Joe Biden good for bad for weed stocks?
Is Liz Warren Good for US Weed Stocks?
Elizabeth Warren would be great for the US weed industry, she is one of the most pro cannabis politicians in the US. The senator from Massachusetts currently boasts an ‘A’ record from the National Organization for the Reform of Marijuana Laws (NORML).
Cannabis Sector Down 56% from 52-Week High: Here’s the Plan
We saw a flurry of earnings reports from leading cannabis companies this week and unfortunately the results fell short of expectations. That drove shares and the entire sector lower – hitting a new 52-week low. Today I will share what happened and what to expect.
4 Charts that Tell me Canopy Will Rally At Least 50% in 3 Months
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.
Israeli Weed Stock Begins Trading in Canada and US
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.
2020 Presidential Election A Profit Trigger for Weed Stocks
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.
My #1 Weed Stock for 2020
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 Down 21% in 2019: Rebound in the 4th Quarter?
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.