Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: Marijuana Industry
Stocks: GWPH

“Big Government” Just Sent a Massive Buy Signal on Pot Stocks

By Money Morning News Team, Money Morning • November 1, 2018

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

It's not surprising to see big moves for stocks in emerging industries. Pot stocks are no exception, and we saw big moves all summer, especially after each company announced advancements in its commercialization.

But the biggest moves may be sparked by our elected representatives in Washington, D.C.

pot stocksIt's easy to see the marijuana wave coming. Week after week, we see policy and attitude changes on the state and local level.

And its champions come from both sides of the aisle.

Money Morning Director of Cannabis Investing Research Greg Miller pointed out that when the United States finally moves to full legalization, the cannabis market will explode and create countless cannabis millionaires. It will become the most lucrative market in the world.

What's most perplexing is that even now, some of the biggest and best-funded companies in the world don't do much – or any – business here, even in states that legalized cannabis. You would think that they'd be setting up shop and preparing for the day when the floodgates finally open.

The problem is that the U.S. government gives mixed messages.

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.

For example, a U.S. Customs and Border Protection official said in an interview that the agency was considering a visa ban on marijuana industry workers or major investors from Canada.

What savvy executive would commit resources here when the government practically said it would restrict them?

Special Rebroadcast: John Boehner just revealed why he’s going ALL IN on marijuana… and exactly how ordinary Americans can make a fortune from this hundred-billion-dollar industry. Click here to watch…

But at the same time, the House of Representatives Judicial Committee passed the Medical Cannabis Research Act. If enacted into law, it would force Attorney General Jeff Sessions to authorize two research cannabis growers within one year of passage. At least three more would be required in each subsequent year.

If we dig down just a little deeper, we will see that this bipartisan bill was led by Republican Representative Matt Gaetz (R-FL), marking the first time a committee controlled by the Right voted in favor of any cannabis-friendly laws.

And before that, both chambers of Congress passed Senate Majority Leader Mitch McConnell's (R-KY) Hemp Farming Act of 2018.

Hemp was a cash crop in this country for most of its existence. In 1850, there were at about 8,400 hemp plantations of at least 2,000 acres, according to Hemp.com. However, when Congress passed the Marijuana Tax Act in 1937, it marked the beginning of the end of a crop that was cultivated worldwide for literally millennia.

That is, until the legal cannabis wave started to reach our shores.

You see, the U.S. Drug Enforcement Administration (DEA) made a major announcement for the future of cannabis in the United States.

And it will have major ramifications for pot stocks…

The DEA Just Sent a Major Buy Signal for Pot Stocks

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

May 30, 2023 • By Chris Johnson

A.I., Oil, and Interest Rates - Oh My

May 30, 2023 • By Shah Gilani

earnings
The Best Way to Play the Tech Stock Boom

May 30, 2023 • By Garrett Baldwin

Momentum Is Negative - Here Are Three Wealth Strategies to Employ Right Away
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz