Many of these stocks proved resilient during last week's stock market correction, such as GW Pharmaceuticals Inc. (Nasdaq: GWPH), Scotts Miracle-Gro Co. (NYSE: SMG), and Microsoft Corp. (Nasdaq: MSFT).
In fact, the top weed stocks dipped far less than those in more traditional industries.
And their one-day market comeback on Tuesday outpaced anything we saw in autos, retail, or even blue-chip tech.
Days like that remind me of how ridiculous the mid-2017 mainstream media decrees that investors were burned out on pot stocks were. Those folks somehow believed that the excitement was gone and would not return.
So, while the darlings of Wall Street struggled to make back a fraction of their losses, there were significant success stories coming from places like – you guessed it – California's cannabis sector.
The proof points are all right there. This frontier industry keeps making your investment portfolio get fatter and fatter.
I'm looking at thousands of mini catalysts coming your way.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.