By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The National Institute for Cannabis Investors predicts the legal cannabis industry could soar as high as $300 billion over the next few years.
It was worth just $10 billion last year.
That's 2,900% growth.
And 2020 is providing many catalysts in that direction.
One of our three pot stocks to watch could soar 150% before the end of this year.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
There are two gigantic investing mistakes most of you are making in 2020.
The first mistake is not buying enough stocks on the dip.
The second: not buying enough marijuana stocks on the dip.
The cannabis sector came in around $10 billion in 2019.
But it's projected to climb up to $300 billion, according to the National Institute of Cannabis Investors.
Our best marijuana stock today could pop 137% on the industry's rise.
But that's just one of several money-doubling gainers we've been excited about in the last year.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
2020 stands to be a banner year for marijuana legalization.
That's even with all the pressure from the coronavirus crash.
And cannabis legislation is creating new profit opportunities right in front of your eyes.
We're going to show you one of our top marijuana stocks to buy as this unfolds.
Research from the National Institute of Cannabis Investors (NICI) suggests that full cannabis legalization could ignite 2,900% growth for the cannabis industry.
In 2019, it was valued at $10.8 billion. But the U.S. market could ultimately rise to $300 billion in value.
It's just a matter of how quickly this will happen.
But it could be faster than you think...
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The coronavirus crash has cost state governments millions.
Oklahoma Rep. Scott Fetgatter said COVID-19 relief would net his state negative $220 million this year.
But Mr. Fetgatter may be onto a fiscal solution. His thoughts on legalizing rec. marijuana might not only benefit his state.
They are also a potential catalyst for cannabis stocks around the country.
In fact, one of our top marijuana stocks could gain 99% this year.
And that's just a start as the legal marijuana industry ascends a projected $73.6 billion peak over the next decade.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The scariest thing about this coronavirus crash is the unknown.
You don't know when the outbreak will end.
You don't know how long it will hurt the markets.
The CBOE Volatility Index (VIX) is above 60.
Nowhere in 2019 was it above 30.
Fear is off the charts.
But we're here to make the unknown a little less scary.
Maybe we can even carve out some knowns – after all, there are known profit opportunities in highly volatile markets.
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
The National Institute of Cannabis Investors expects legal marijuana sales to reach $2.6 trillion by 2030.
That's 23,974% growth from just $10.8 billion in 2018.
But you don't have to wait that long to profit from cannabis industry excitement.
Today, we're going to talk about a smaller, equally potent sector fueled by this trend: cannabidiol, or CBD.
And we'll even show you our top CBD penny stock to buy for 280% profit over the next few months.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
If you're serious about making money in the year ahead, you need to tap into the rebound of cannabis stocks in 2020.
Two years ago, cannabis stocks heated up on speculation of broad-scale legalization for medicinal and recreational marijuana across America.
Stocks have since pulled back from record-highs as investors set more reasonable expectations for the year ahead.
But cannabis stocks are about to surge again...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
Cannabis stocks have pulled back from all-time highs within the last year.
But investors should expect new tailwinds in 2020 and beyond.
Today, we're going to discuss several of the key trends and developments that will push marijuana stocks higher in the year ahead.
By Don Yocham, Director of Cannabis Investing Research, Money Morning - • Print | Email
With every U.S. state that goes "green," we see cannabis companies eager to serve these legalized markets.
The latest state to draw cannabis investment is none other than Oklahoma.
Oklahoma is one of the biggest markets in the country when you look at the number of medical cannabis cardholders per resident. It's estimated that nearly 5% of Oklahoma residents have a medical card, with 15.6 cannabis dispensaries per 100,000 residents. That puts it second only to Oregon.
Doctors in Oklahoma are able to prescribe medical cannabis for any condition. As of Jan. 20, the state had 235,786 patients.
Pair such a large market with the growth potential that more liberal laws offer, and you get more and more cannabis companies – like the ones I'll cover today – heading to the Sooner State… Full Story
By Mike Stenger, Associate Editor, Money Morning - • Print | Email
A group of Girl Scouts were seen selling cookies outside Chicago's Dispensary 33 on Sunday (Feb. 9).
And with that, Illinois' $40 million in legal cannabis sales is no longer the biggest news driving cannabis stocks today.
In fact, this story is arguably much bigger than cannabis legalization or state cannabis tax revenues.
It's about cannabis becoming normal.
