Issues
Important News Regarding Your Membership
For the last few months, my publisher and I have held high-level meetings about how we can best serve subscribers. The result of these meetings is that we will no longer publish Cannabis Cash Weekly. This is a difficult decision. But the trading environment has deteriorated and limited our ability to buy stocks and generate income by selling call options against them. Read More
Another Major State Legalizes Recreational Cannabis
It was a tough week for cannabis stocks, but amid the current weakness, the long-term outlook remains bullish as another major state is about to legalize recreational marijuana use. The growing number of states legalizing cannabis combines with a greater likelihood of change in Washington, D.C., with an administration open to it and greater power in Congress. Read More
Cannabis Consolidates as Government Drags Its Feet
After breaking out in early February, cannabis stocks have been stuck in a pattern of rallies and pullbacks over the last two months. Even though the news continues to improve and the long-term outlook is fantastic, short-term volatility remains high. Read More
Cannabis Action Driven By Overall Market
Cannabis stocks were able to rebound overall last week after several weeks of selling. While the sector was hit with other perceived “risky” assets in February, most stocks held important support levels and now look set up to begin a new rally higher. Read More
Signs of a Potential Bottom
The sell-off in assets perceived as risky continued last week, and cannabis stocks were among those that took a hit. There is one bit of good news in all this, though. Cannabis was a short-term overbought sector, but it isn’t anymore. It has pulled back to levels that are once again attractive in both the long and short term. Read More
Setting Up for a Bounce
Stock futures indicate a bounce at the open today, starting this week on an up note after pulling back from highs in the last two weeks as money flowed out of high-growth sectors. Cannabis is one of the areas that investors focus on when searching for growth, and the industry took a hit last week. Read More
Is A Rally on the Horizon?
Cannabis stocks outperformed the market last week after pulling back to end the prior week. Both the AdvisorShares Pure US Cannabis ETF (MSOS), which measures U.S. cannabis stocks, and the broader ETFMG Alternative Harvest ETF (MJ) finished in the green with the S&P 500 down slightly. Read More
The Reddit Crowd Turns to Cannabis Stocks
I hope you enjoyed the holiday weekend – if you happened to be off yesterday. I have mixed feelings about Mondays when the markets are closed, especially when they are also closed in Hong Kong and China. I like a little down time, but I admit that I spend a lot of it looking at stocks. Read More
Cannabis News and Stocks Heat Up
Cannabis stocks traded well last week. News flow around the sector continues to be quite positive, with the biggest catalyst on the horizon being the potential decriminalization and eventual legalization of cannabis. Read More
Cannabis Stocks Held Up In a Bizarre Week
The global stock markets pulled back last week after hitting an all-time high on Monday. Cannabis stocks were mixed, with Canadian stocks rising and U.S.-based stocks falling. This was a reversal of fortune for the two largest cannabis markets. Read More