Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Attorney General Jeff Sessions' latest attempt to crack down on legal weed might be dominating news headlines, but we had to make sure Money Morning readers aren't overlooking the Canadian marijuana market.
The Canadian marijuana market is expected to reach $4.5 billion in legal sales by 2021, and full cannabis legalization in Canada is expected to take place in July 2018.
But despite the news that an entire country will legalize all marijuana use, here's why the mainstream media are still fixated on the latest DOJ marijuana policy…
On Jan. 4, 2018, Sessions rescinded the "Cole Memo," a policy that protected cannabis businesses in states that legalized marijuana from federal prosecution.
Everyone knows the prices of the right pot stocks are going to skyrocket as more states legalize cannabis, but Sessions' comments about the industry can create volatile price swings.
Investors panicked, sending the price of Cannabis Sativa Inc. (OTCMKTS: CBDS) down 25.62% at one point during the day.
The price of GrowGeneration Corp. (OTCMKTS: GRWG) stock also fell 27%, to an intraday low, on Jan. 4.
However, this is just a short-term setback for pot stock investors.
The CBDS stock price is now trading at $8.20 per share, a 20.23% climb from its Jan. 4 low of $6.20.
And savvy investors did even better buying the dip on GRWG.
The GRWG stock price fell from $4.11 at the Jan. 4 open to a low of $3.00, for a loss of 27%, but it has rallied back today to hit $4.64 per share.
That's a gain of 54.66% in just five days.
In fact, the GRWG stock price is trading 12.89% higher than it did from its opening price on Jan. 4.
Now, short-term sell-offs like this are going to happen as Sessions tries to clamp down on the cannabis industry.
But marijuana legalization is the will of the people, and the cannabis industry is becoming too big to stop.
And that's what Justin Trudeau realized when he was running for Canadian prime minister in 2015. Part of his campaign promise was marijuana legalization, and he's keeping his promise.
BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here…
The Canadian government is expected to legalize all cannabis use in July 2018.
So right now, you can get in before prices skyrocket thanks to the biggest event in Canadian marijuana history…
Full legalization could double, triple, or even quadruple share prices of the best Canadian pot stocks.
That kind of potential means everyone will wonder what the best Canadian marijuana stocks to buy are.
Everyone, that is, except for Money Morning readers…
Thank you so much to Jeff Session, the pot market in Canada when down 15% in one day on is cole memo, htat gave me a chance to buy on the dip make a killing.
Feel free Mr Session to tell us bad new's again so we could buy more
well done,it is too bad that we are burdend with a dirty minded little idiot, appointed by an orange headed moron. Trumps father attended KKK meetings, and the little mind was a member
Your are right Mr Beaupré keep buying it. It's there to stay
looking for hot penny or seed marijuana stock…????
Yes………it's the only thing I am interested in
How do you cash in when your totally broke and barely keep a roof over our heads. I want to so badly. Help
Where there is a will there is a way. Michael Robinson is a genius when it comes to this pot stock stuff……
I urge anyone / everyone to invest what they can (afford to lose of course) as the window of opportunity, albeit still open, will be closing before we know it.
Happy investing to all!!
I want to invest in the medical marijuana industry or in the marijuana industries
Please send me all the information you have available related to the Canadian and California marijuana stock Market investments. I truly look forward to getting involved immediately. Thank you for all of your information in both markets and all investments. Happy New Year to you as well.
thank you Michael Robinson. I am 57 yrs old, never invested in any stocks. Ignorant to all of this. But after joining Money Morning, taking your suggestions on some Canadian stock, I invested a small amount of money. It has almost tripled in the last couple months. My only regret is that I did not have more to invest at that time when the stock was so low. Going to invest more !! it can only go up ! HAPPY NEW YEAR
i want to invest £1000. in marijuana stocks, can you please help
Michael Robinson nailed it again!!! I bought 100 shares of GRWG for $460.00 Wednesday 1/10/18; at 9:30 the very next morning I sold my 100 shares for $1,299.00!!! The very next morning!! Less than 24 hours later. I can get used to this. Michael Robinson's got my attention.This market is fixing to explode. Get in now, with his advice.
I am new to the stock market. I'm very interested in investing in marijuana stocks. All help would be greatly appreciated to steer me on the right Road to financial wealth.