Although the United States marijuana opportunity is massive, the Federal government is holding back this multi-billion market. While the stance as well as commentary regarding this market have improved, cannabis stocks have been relatively quiet.
Cannabis stocks levered to the United States market have been trending higher following a major show of support from President Donald Trump.
This development was a watershed moment for the domestic cannabis industry and stocks have been in rally mode. President Trump’s show of support has led to a significant increase in trading volume and we are favorable on this trend.
Leading North American cannabis executives will be speaking at the MoneyShow Las Vegas Cannabis Investing Event on May 14th. This is a FREE event that cannabis investors do not want to miss.
The cannabis sector was under pressure last week and this trend has been something that cannabis investors have been closely monitoring.
Although the cannabis sector was trending higher during the middle of last week, stocks were under pressure on Friday and gave up a good portion of the recent gains. This decline has taken place on light volume and we are closely monitoring this trend.
2017 has been the year of cannabis oil in Canada and we expect this trend to continue through 2018 and into early 2019.
Then, things will change because in early 2019, Canada’s edible market will be gaining serious traction. The legalization of edibles in Canada is going to be nothing short of a major catalyst for an industry that is already the fastest growing in the world.
Amendment Approved to Legalize Edibles