In a wave of momentum, marijuana legalization is becoming the standard in many U.S. states and across Canada.
You see, the more states that legalize cannabis, the more people will buy it. That means skyrocketing sales for marijuana companies. In 2018, the cannabis market was worth sales of $10 billion. By the end of 2021, sales are forecast to reach $24.5 billion.
Here are the details of your brand-new play from Tom's powerful, proven Alpha-9 trading system.
The Dow Jones today was down slightly in premarket trading after the European Central Bank announced it will keep interest rates unchanged for the foreseeable future.
The ECB cited weak economic activity around the Eurozone as justification for its decision.
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
by Greg Miller
I recently proclaimed 2019 the "year of CBD," and it seems from the mainstream coverage I'm starting to see, folks got the memo.
Early in 2018, Canopy Growth purchased Canadian hemp producer Green Hemp, and it also bought the assets of Ebbu LLC, a U.S.-based hemp company.
For 2019, Canopy is making even bigger moves in the cannabidiol market.
On Jan. 14, the Canadian company announced it received a license in New York to process and produce hemp. In what might be the largest hemp investment to date, Canopy will invest as much as $150 million in its New York operations to produce hemp extracts and hemp-based CBD products.
Not to be outdone, Aurora Cannabis is also getting in on the action.
In May 2018, Aurora boosted its stake in Hempco to more than 50%. For more than 10 years, Hempco has been a pioneer in hemp-based foods. A few months later, it acquired Europe's largest hemp producer, AgroPro.
In the next few months, Aurora will unveil a plan to produce hemp-derived CBD products for the U.S. market, according to Business Insider.
While this news is coming in at light speed, I can't say I was surprised; the passage of the Farm Bill effectively normalizes CBD across the country by making industrial hemp, a major source for CBD, legal on the federal level.
With these reforms, retailers nationwide can sell these products without fear of enforcement action by the government.
One reason for Jack Bogle's success was his simple set of principles he rigorously followed.
In order to help Money Morning readers invest like Jack Bogle, we're taking a close look at three of Bogle's key investment principles.
And the best part is, you don't need to invest passively in an index fund to follow Bogle's principles.
You can actually amplify your returns by applying his advice to your own portfolio. Here's how...
Last year was one of the best yet for marijuana stocks, but 2019 is shaping up to be the biggest year ever for cannabis.
In fact, 2019 will be the "year of CBD," and it could mean another huge year for cannabis stocks...
by
After peaking twice just south of $16, the price of silver has started to back off.
The precious metal put in a stellar performance in the two months between early November and early January, climbing from $14 to almost $16.
That was a powerful 14.3% move.
Now, we're starting to see some traders take profits and even rotate back into stocks, which have turned higher in the last three weeks.
With silver prices holding near their 200-day moving average and possible renewed weakness in the U.S. dollar, we could well see this precious metal return to rally mode before long.
The Dow Jones today is poised to pounce back after breaking its streak of four consecutive days of gains.
Investors are shrugging off concerns about Chinese economic growth as earnings season rolls on. and the ongoing trade dispute between the world's largest two economies.
However, new developments in the trade war with China could send stocks tumbling again.
by Tim Melvin
Currently, there don't seem to be a lot of choices available for fixed-income investors.
With strong returns becoming increasingly rare in the wake of a weaker global economy, savvy investors are keeping an eye out for the kind of investments that can still pack a punch.
That's why we're bringing you the 10 top penny stocks to watch this week.
You see, thanks to their low market price, penny stocks can deliver investors tremendous gains on a price swing of just a few cents.
For example, if you bought 500 shares of a $1 penny stock that went up just $0.50, you could capture a 50% return on your investment in the blink of an eye.
