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: CVSI

This Top Cannabis Stock Can Survive the Coronavirus Crash

By Mike Stenger, Associate Editor, Money Morning • April 3, 2020

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Your email address will not be published.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

Prior to this awful coronavirus outbreak, legal marijuana sales were projected to reach $2.6 trillion by 2030. At the end of 2018, legal marijuana revenue was just $10.8 billion.

Is that 20,000% growth still in the cards for the marijuana industry?

About a third of the economy could slip away this summer. The U.S. Federal Reserve estimates more than 30% unemployment through the COVID-19 crisis. The cannabis industry has taken a hit too. The ETFMG Alternative Harvest ETF (NYSEArca: MJ) is down 37% since the start of 2020.

Now, with everything locked down and only "essential" stores open, some cannabis stocks are struggling.

But good news, cannabis investors. Supply chains in the marijuana industry are down but not out. In fact, our top cannabis stock today is poised for 114% growth over the next 12 months.

Why the Marijuana Sector Isn't Lost

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

We expected some huge gains for marijuana stocks as legalization became a more central topic approaching elections this year.

Much has changed with a surprise pandemic slowing production of vape pens, trade shows, and tourism to legal cannabis states such as Nevada.

But the cannabis trend is not going away. You could at least expect marijuana to thrive once the pandemic subsides. It's becoming more of a staple in everyday life as medical and recreational use is normalized.

Warning: Trillions of dollars of Fed "stimulus" can't stop COVID-19 from devastating markets and economies - but it can sure make things worse. Find out what's next in this just-released report...

So much so that medical marijuana dispensaries are remaining open in many states during lockdowns. Dispensaries are considered "essential" in at least 20 states.

Some cannabis products are even available in grocery stores. For example, CBD oils and lotions from CV Sciences Inc. (OTCMKTS: CVSI) are available at Kroger Co. (NYSE: KR) and Harris Teeter. These will remain open in all states during the lockdown.

Marijuana seems to have a long-term foothold that's only getting stronger amid the viral outbreak. And certain marijuana stocks are at incredible values right now. So when you hear this is the "buying opportunity of a lifetime," believe it.

No one expected to have a crack at today's top pot stock at its current price. Here's one of the best cannabis stocks to buy for 114% gain this year...

The Top Cannabis Stock for the Coronavirus Crash

Join the conversation. Click here to jump to comments…

Mike StengerMike Stenger

About the Author

Browse Mike's articles | View Mike's research services

Mike Stenger, Associate Editor forĀ Money MorningĀ at Money Map Press,Ā graduated from the Perdue School of Business at Salisbury University. He has combined his degree in Economics with an interest in emerging technologies by finding where tech and finance overlap. Today, he studies the cybersecurity sector, AI, streaming, and the Cloud.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 1, 2023 • By Nick Black

Apple-Broadcom Deal Sets the Stage for U.S. Tech Resurgence and Investment Opportunities

June 1, 2023 • By Garrett Baldwin

This Investor Taught Warren Buffett Everything He Knows - Let's Put Him to Work for Us

June 1, 2023 • By Shah Gilani

earnings
Here's What to Do When the Stock Market's A.I. Hype Fades Out
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

Ā© 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