Buy This 1 Pot Stock for a COVID-19 Breakthrough

Pot stock investors: watch this space. Cannabis stocks could get a second wind, as researchers investigate whether cannabis could be an effective treatment for COVID-19. Indeed, as the coronavirus market searches for solutions, cannabis could take centre stage. But is Aphria (TSX:APHA)(NASDAQ:APHA) the best stock to buy for this eventuality? Let’s discuss this compelling new thesis. Researchers are getting cannabinoid…

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2 Cheap Stocks That Could Rise 100% This Summer

The coronavirus crash created a ton of buying opportunities. While the rebound erased many of those options, there are still dirt-cheap stocks worth buying that could rise more than 100% over the next few months. Of course, massive upside comes with some added risk. But the two picks below look outrageously priced given the potential upside in the second half…

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Big Tobacco Is Betting $2 Billion on This Pot Stock

Altria Group (NYSE:MO) is one of the largest tobacco producers in the world. Its size is truly remarkable. Last quarter, despite the onset of the COVID-19 pandemic, the company generated more than $5 billion in sales. It also produced a quarterly profit of nearly $2 billion, up 38% year over year. Those profits help service an 8.6% dividend. If you…

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Canopy Growth (TSX:WEED) Stock: $0 or $100?

Industries across the board continue to suffer thanks to the COVID-19 pandemic. It seems no industry immune to the financial devastation it can cause, including the cannabis industry. Despite the increase in demand and sales of cannabis while people stay home, that hasn’t fixed the problem cannabis suppliers like Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) continue to have: a means of supplying that…

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This Pot Stock Can Rise 10 Times in Value

In 2018, pot stocks were going gangbusters. Several new startups attained billion-dollar valuations. The party ended in 2019, when the majority of the industry fell by more than 50%. Some smaller competitors lost 90% of their value. What does the future hold for 2020? So far, the results have been mixed. The worst of the 2019 bear market is now…

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Cannabis Bucks the Coronavirus Growth Downtrend

Uncertain times often lead to surprising success stories. The COVID-19 pandemic crushed entire industries, while pushing cannabis ever closer to full legitimacy. Marijuana businesses depend on innovation – something that is critical in the current environment. As COVID-19 rages, rapid-fire local legislation often disrupts traditional supply lines. Given the patchwork of laws and questionable legality in many jurisdictions, marijuana companies…

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Expanded Zap Offerings Provide Relief for Cannabis Dispensaries Looking For Cash Alternatives

Zap’s Lightning Network-powered Strike app will now be available on desktops. The new feature creates a public domain for each username. That domain then allows other users to tip – in both Bitcoin and dollars. Although a simple expansion, the new ‘strike.me’ domains offer an important new corridor for cryptocurrency payments. Another real-world use case, Strike’s simplicity may help it…

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The Cannabis Connection to Coronavirus

That Canadians are stressed shouldn’t come as much of a shock. After all, the COVID-19 crisis has sent stocks plummeting, one in three Canadians worry they won’t make rent or mortgage payments, and thousands of people have lost their jobs. It’s therefore little wonder that some Canadians have turned to cannabis for stress relief. Canadians have flooded online cannabis retail…

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Will Cannabis Stocks Prove Defensive in a COVID-19-Induced Recession?

Cannabis stocks took a beating during a coronavirus-induced market crash that deepened in March amid heightened and legitimate investor fears of a near-term economic recession. My prior proposition was that the marijuana industry could prove resilient during economic down turns. Will cannabis stocks prove defensive? Cannabis-resilient… like alcohol? Beer and alcohol demand usually remains strong during economic downturns, which makes…

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