By Money Morning Staff, Money Morning - • Print | Email
The numbers are staggering.
Colorado officially hit the $1 billion mark in total marijuana tax revenue over the last five years.
And this level of tax income could push even more states to legalize cannabis in a hurry, making now the perfect time to start investing.
By Greg Miller, Director of Cannabis Investing Research, Money Morning - • Print | Email
Regular investors can get frozen out of hot tech IPOs… but those could be risky disasters like Uber, anyway.
Marijuana IPOs, on the other hand, offer an incredible opportunity for everyday people to get rich – at least 239 people have hit millionaire status with cannabis stocks.
By Greg Miller, Director of Cannabis Investing Research, Money Morning - • Print | Email
Americans love their four-legged friends.
If you're inclined, you can treat your pet to an impressive array of goods and services: spa beauty treatments, gourmet and organic foods and treats, top-flight veterinary care (privately insured, of course), designer pet clothing – the only limit is the depth of your pocket.
As you can imagine, that doting approach to pet ownership is very lucrative for the companies on the supply side.
Americans will spend an estimated $75.3 billion on their pets this year alone. PetSmart Inc. boasts a market cap north of $8 billion. There are not one but two "pet sector" exchange-traded funds available to buy, tracking a deep roster of publicly traded pet companies and service providers.
And now, Fido and Mittens can enjoy a regular regimen of CBD, with all the benefits that entails.
Cannabis companies with the vision and foresight to cash in on this trend are rushing to cater to it.
By Greg Miller, Director of Cannabis Investing Research, Money Morning - • Print | Email
Building a dynamite cannabis stock portfolio means getting exposure to quality companies like the ones we talk about all the time. But there are many under-the-radar “backdoors” to cannabis investing that often go overlooked by investors and the media.
By Money Morning Staff Reports, Money Morning - • Print | Email
There’s no other way to say it – the legal marijuana industry is booming. And while investors around the world have been riding this wave, many are not leveraging the industry’s full potential.
Today, we’ll show you exactly how to boost your returns on pot stocks with options.
By Greg Miller, Director of Cannabis Investing Research, Money Morning - • Print | Email
Stocks are caught up in a storm of fear right now, although that may be abating somewhat. But plenty of otherwise great companies with little to nothing to do with the trade wars are getting caught up in the selling.
Pot stocks are a great example. The truth is cannabis companies aren't really exposed to global trade conflicts, but they've been sliding along with most other shares.
Nevertheless, even knowing the facts – that the marijuana firms we're buying are fundamentally sound – I know times like these make it difficult to hang tough and be patient.
After all, as the events of this week prove, things are unfolding in the cannabis market exactly as they should…
… particularly on the legalization front.
The announcement that Illinois – the sixth most populous state in the Union – has taken cannabis fully legal should come as no surprise to us. But it's still a huge development for the cause of legalization – and, for our purposes here, the quality cannabis stocks we own.
Let me tell you what it's all about...
By Greg Miller, Director of Cannabis Investing Research, Money Morning - • Print | Email
On Friday, May 31, the U.S. Food & Drug Administration held its first-ever hearings on cannabidiol, or CBD.
The event didn't exactly slip under the radar…
Headlines ranged from Jezebel's laughably sensationalistic "Is CBD Over?" to The New York Times' more serious "Cannabis Companies Push FDA to Ease Rules on CBD Products."
This hearing, an all-day affair that lasted from 8 a.m. on Friday till 6 p.m., deserved every second of the coverage it received.
But there's one thing we didn't see covered…
By Tom Gentile, America's No. 1 Pattern Trader, Money Morning • @powerproftrades - • Print | Email
In the past six months, we've already seen at least 10 cannabis IPOs, with as many as 42 private cannabis companies slated to go public by the end of the year.
All in all, you're looking at an industry that could easily reach a $50 billion milestone by Jan. 1, 2020 – and limitless opportunities to take your piece of the pie.
Of course, if you use the simple trading techniques we talk about all the time, your profits should easily top anything seen by the buy-and-hold crowd.
o today, I'm going to show you the best five high-flying cannabis plays I'm eyeing right now...
By Money Morning News Team, Money Morning - • Print | Email
Some people are skeptics about the boom in the cannabis industry. We aren't.
That's why we're going to show you an explosive opportunity, the best marijuana penny stock to buy today.
This pot penny stock could double your money...
By Greg Miller, Director of Cannabis Investing Research, Money Morning - • Print | Email
American cannabis markets get a lot of attention from investors.
After all, California's legal marijuana market is far bigger than even Canada's vast market will ever be, with their multi-state operators (MSOs) learning how to build operations and brands across the United States.
But we can't count out Canadian-licensed producers, since they have something American MSOs don't.
Find out what their unbeatable advantage is...
