The U.S. Cannabis Market Will Send Canopy Growth (TSX:WEED) Stock Into the Stratosphere

Cannabis stocks have encountered choppy conditions in the spring, which should come as no surprise after a hot start to the year. The largest cannabis company in Canada by market cap is Canopy Growth (TSX:WEED)(NYSE:CGC). Shares of Canopy Growth had dropped 10.4% month over month as of close on June 12. The stock was still up 55.8% in 2019 so…

Read More

This Is the Only Marijuana Stock You Should Buy

The legalization rollout last year was an incredible opportunity for investors; it represented the culmination of over a year of growing demand and untapped growth potential and made many investors very, very happy. Turning towards the present time, much of that opportunity still exists, but with additional players and products in the market, finding those opportunities can be a challenge…

Read More

3 Cannabis Stocks That Could Benefit the Most from U.S. Legalization

Cannabis continues making progress in the U.S. as Illinois recently passed into law a bill that will see it become the 11th state to legalize marijuana for recreational use — and more states that are likely to do the same. Both New York and New Jersey have shown an interest in legalizing cannabis, although the only question is when. The…

Read More

Colombia: Poised to Become the World’s Leading Cannabis Growing Jurisdiction

The global legal marijuana industry continues to boom with analysts predicting a massive surge in demand over the next decade and that the global market could expand to be worth US$66 billion by 2025. That represents an annual compound growth rate (CAGR) of 24%, highlighting the considerable growth ahead for an industry that is still in its infancy. While Canada…

Read More

My Favourite Marijuana Stock for 2019

Like many in the investing world, I’m excited about the marijuana boom. Everyone expected enormous gains post-legalization. But as it turned out, the marijuana industry is more complex than initially imagined. Instead of reporting massive profits, Canadian cannabis producers are reporting staggering losses. The problem now is, how long it would take to recover those losses and post profits. As…

Read More

Target This Stock as the Cannabis Shortage Turns to Glut

When Canada legalized recreational cannabis in October 2018, many industry experts expected that supply would be an early issue. This forecast turned out to be correct in the first months of legalization, as demand far outpaced what retailers were able to deliver. The rollout was complicated by varying regulations across the provinces. Ontario, the most populous province in Canada, only…

Read More

Get Ready for Canopy Growth (TSX:WEED) to Soar Higher

Cannabis stocks after a stunning start to 2019 are struggling of late, with many of the emerging industry’s leading players declining sharply over the last month. This has occurred because of a range of headwinds facing the burgeoning industry, including sky-high valuations, doubts over the size of the global marijuana market, and rising environmental concerns. Nonetheless, all the major players…

Read More

3 Public Cannabis Companies with Operations In Illinois

On May 31, 2019, Illinois lawmakers voted to officially legalize recreational cannabis in the state. The move makes Illinois the eleventh U.S. state to have legalized recreational marijuana for adult-use. Illinois Governor J.B. Pritzker took office in January 2019, after winning the election on a pro-legalization stance and making the issue a key campaign promise. The bill awaits a final…

Read More

Canopy Growth (TSX:WEED) Sinks: Time to Buy the Dip?

The month of May has been a bad one for Canopy Growth (TSX:WEED)(NYSE:CGC). After an epic four-month rally, shares in the world’s biggest weed company started falling, reaching as low as $60 after flirting with $70 weeks earlier. This isn’t the first time Canopy shares have tanked. Shortly after marijuana was legalized last year, weed stocks fell in a bear market…

Read More

Could Canopy Growth’s (TSX:WEED) Deal With Acreage Fall Through?

Canopy Growth (TSX:WEED)(NYSE:CGC) saw its stock get a big boost when the company announced that it had a deal in place to acquire Acreage Holdings (CNSX:ACRG.U) last month. Although the purchase is conditional and might take years before it is realized, that didn’t stop investors from jumping on the bandwagon. The stock ended up climbing to around $70 a share; it…

Read More