On the heels of decriminalization and legalizing medical marijuana, Virginia’s first dispensary is set to open in August 2020. Through the current system of licensing, only five vertically-integrated entities will operate within the state initially – with Dharma representing the first scheduled opening. Initial profit predictions are middling, as Virginia will allow only a small subset of marijuana-based products at…
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Everyone wants to find a multi-bagger stock. That’s an investment that could double, triple, or even quadruple in value. These opportunities aren’t easy to find, but one pot stock looks the part. Before we jump into the stock pick, it’s critical to understand the recent history of marijuana. A volatile beginning In 2018, Canada passed the Cannabis Act, which paved…
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As cannabis legalization slowly continues to make its way through the United States and the rest of the world, cannabis stocks have continued to grow in demand. However, a surge in new cannabis companies looking to capitalize on the new “green rush” led to far too much saturation within the industry. This has led to an industry-wide slowdown, as the…
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The pot market continues to grow year after year, at least in terms of consumer demand. Canaccord Genuity Group Inc thinks that Canada’s cannabis industry will hit $3.2 billion in sales this year, up from $1.5 billion in 2019. That’s a jump of more than 100%. The U.S. market is also growing rapidly. According to Grand View Research, the legal…
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Talking about volatility in investing is often a one-sided conversation. In other words, most people expect a stock to go up or down, but typically in one direction. With the Canadian cannabis industry, any investor who has seen a stock chart of the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) will know that volatility on both ends of the spectrum has…
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In October, the cannabis game changed forever, even if many pot investors weren’t paying attention. That month, Canada legalized an entire host of new marijuana categories, the most exciting of which included new edibles and beverages. These form factors could eventually double or triple the size of the Canadian cannabis market. Analysts are calling this emerging opportunity “Cannabis 2.0.” The…
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A disappointing performance by the cannabis industry in 2019 has left a bitter taste in the mouths of investors who flocked to Canadian marijuana stocks on high hopes for the launch of the legal pot market in Canada. Supply and distribution challenges hindered the industry at the outset, followed by a lack of physical retail locations in key markets, such…
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On January 1, 2020, Illinois became the 11th state to legalize recreational marijuana. Throughout the course of the first day, sales topped $3.2 million dollars. Eager customer swarmed dispensaries to be among the first in the state to legally purchase cannabis products. Undoubtedly, this also brought increased revenue to surrounding businesses – including restaurants that worked with dispensaries. Given long…
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Despite the recent pullback, marijuana stocks still have plenty of room left to run. On the first day of 2020, recreational pot will become legal in Illinois, adding another 13 million potential customers. Several additional U.S. states are set to vote on legalization in the coming year. Depending on the federal election next November, country-wide legalization could soon be on…
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Pot stocks were the best way to get rich in 2018. Nearly every cannabis company saw their share price increase by leaps and bounds. Doubling and tripling in value were commonplace. This year, the tables were turned. Many marijuana stocks have lost more than 50% in value. But don’t be scared: if you’ve been waiting to invest in cannabis, there…
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