Political Analyst – Derek Thomas
Sen. Cory Booker, a democrat from New Jersey, has introduced a Hail Mary of a bill that, if passed, would actually incentivize states to legalize marijuana. In total, the bill would remove cannabis from the drug schedule completely, encourage states to legalize it, punish states that don’t, and work to fix some of the past injustices done to Americans over marijuana possession and other marijuana charges.
Earnings season has started to heat up and marijuana stock investors have a lot to catch up on this morning.
After the market closed yesterday, licensed medical marijuana producers Cronos Group and Emblem Corp. reported earnings and we have provided a recap on these results. We have also provided an update on CannTrust after the company reported strong numbers yesterday.
Cronos Group: Revenue Grew 25% Over the Prior Quarter
Although the growing and selling of marijuana remains the sexiest opportunity in the legal medical marijuana industry, we continue to see the most potential on the biotech side of the industry.
Biotech companies focused on medical marijuana possess the greatest upside potential as they work to develop treatments derived from marijuana, which can be used to improve daily life for millions of people throughout the world.
Although the legal marijuana industry continues to attract new investors, many do not have access to the information they need to make educated investment decisions.
While we are favorable on the legal marijuana market in the United States, we feel more secure investing in countries where the government has made the cultivation and selling of medical marijuana legal.
Marijuana stocks ended the week on a high note and there are several developments that investors need to be aware about.
From acquisitions to earnings, this was a busy week for marijuana investors. We have highlighted 5 stories that we believe you should be aware of.
Demand for recreational marijuana in Nevada has been much higher than expected and the state is still facing a supply shortage.
While this shortage has been a headache for dispensary owners and cultivators, these companies have seen a 200% increase in the price of marijuana in just one month.
Nevada’s Recreational Market Faces a New Issue
The marijuana sector ended the week on a down note and this came as overall markets pulled off their highs.
Marijuana stocks were heating up at this time last year and many investors are hoping to see a rally similar to the one we saw last year.
While a rally of this nature is possible, it is unlikely.
Selectivity is Key
The marijuana stock market is heating up and we have seen several companies report significant developments this week.
Today, we want to highlight five stories that we believe investors need to be aware of and watching.
Aurora Cannabis: A Stock to Watch Ahead of Earnings