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 a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.