Cannabis Investing
GameStop Lessons for Long-Term Investors
Everyone commenting on financial markets must have a take on the bonkers gyrations at GameStop GME). It’s the law. So here are some of my thoughts. Don’t Stand in Front of Freight Trains GameStop stock is overvalued right now by a lot. More on that below. For now, know that you should not short the…
Everyone is Moving to Florida
Trulieve is the champion of cannabis in Florida with about a 50 percent market share. There are 14 active licensees in Florida and Trulieve (TCNNF) sells nearly as much as the other 13 players combined, and it does that does that with only a quarter of the dispensaries in the state. There are other major…
These 4 Big Trends Will Power The 2021 Cannabis Stock Rally
The fourth quarter of 2020 was an incredible one for cannabis stocks. The AdvisorShares Pure US Cannabis ETF (MSOS), which has quickly become a very good proxy for the US cannabis operators, entered 2020’s final quarter below its issuance price of $25, at $21.775 per share. It ended the year at $36.5, up 67 percent…
Cannabis Banking Reform Benefits IIPR. Really!
2021 is looking to be a fantastic year for the cannabis industry and for cannabis stocks. Democratic control of the Senate looks all but assured, and that will combine with increased momentum in several states to create profit opportunities for cannabis companies. Just about everyone who looks at the cannabis sector shares the same outlook,…
Can the Fun Last?
Cannabis Stocks Have Been On A Tear; What Lies Ahead? On October 9th, I told you about the powerful rally coming for cannabis stocks that would close out the year. Since that day, the AdvisorShares Pure US Cannabis ETF (MSOS) has appreciated 48 percent. (MSOS has also grown to $132 million. It is now at…
Cannabis One-Hitters for November 12, 2020
Operating results of the large cannabis companies are starting to roll in and they reflect what everyone knew from state-level cannabis sales figures. Cannabis is growing and companies are profiting from that growth. Harvest Health (HRVSF) reported positive EBITDA for the second consecutive quarter and saw sequential revenue growth of 11 percent. That’s a fraction…
With New Markets Set to Open, Cannabis Companies Revisit Some Old Friends
Following last week’s election, Arizona, New Jersey, South Dakota, and Montana are set to have legal adult-use cannabis markets next year. New York and Pennsylvania are likely to follow in short order, and other states may get in on the action. At the same time, medical programs are getting under way or have been approved…
The Weird, Weird Rally in Cannabis Stocks
On October 9th, I predicted a powerful rally in cannabis stocks for the remainder of the year based on three catalysts. The presidential election and the associated possibility of cannabis reform in the US Congress, passage of several state-level cannabis ballot measures, and operational results from the cannabis companies themselves. Two of those catalysts have…
Terrascend Carves Mid-Atlantic Super Cluster
Terrascend (TRSSF) is a company on the move. It recently pre-announced very strong results for the September quarter on the back of strong sales in Pennsylvania. It is growing its currently small operations in California. It got a huge boost when New Jersey voters approved adult-use cannabis this week. And today, it announced an acquisition…
Clean Sweep for Cannabis
While vote counters and pundits continue the vote count for President and some key Senate seats throughout the United States, one clear winner has emerged from the election. Cannabis. There were ballot questions regarding marijuana in five states this year, and all won by margins which would thrill human candidate. New Jersey, Arizona, and South…
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Alternative Investments: Cannabis Research and Insights 