Shah Gilani picks out three great options plays based on current market trends.
Canopy Growth Corp
Danny Brody has the details on the best cannabis penny stock to buy this week.
It costs just $4.
This is still one of the most popular pot stocks out there; it consistently shows up on lists of the hottest stocks on Robinhood.
The problem is… it’s no good.
These shares peaked years ago, and fresh highs aren’t on the menu anytime soon.
This is a controversial sell recommendation, for sure, but investors should sell right away.
The legal psychedelics market could be worth $6.86 billion by 2027, says Data Bridge Market Research.
That's a 241% climb from $2.01 billion in 2020.
But our MindMed stock forecast shows this to be a conservative estimate.
In fact, when we look at how psychedelics can be used to treat anxiety, depression, ADHD and addiction, Money Morning's Shah Gilani says the market value looks closer to $30 billion.
This cannabis stock was one of the very first you could own; the company was legendary, in fact, pulling off all kinds of incredible moves throughout the legal weed sector.
But it's all gone horribly wrong, and this once-great stock is one you should sell before you're done trading this week.
Money is pouring in to the psychedelic medicine space right now because the potential benefits are enormous.
Tens of millions of dollars have been spent researching new, life-changing cures.
And the mainstream media is completely ignoring it.
That just means investors who get in on the ground floor now could stand to make a fortune by investing in the best psychedelic penny stocks – before most of Wall Street catches on.
Oregon, Colorado, Washington, D.C., and Canada decriminalized psychedelics and allow them to be used in medical research.
We're now getting to see how micro-doses (taking very low amounts of psychedelic drugs) with medical professional oversight can be used to treat all sorts of mental health disorders and other diseases.
You have the chance to invest in companies at the forefront of this movement right now…
Cannabis is the single most promising sector of the “new” economy, where revenue’s growing so fast that some leading firms are doubling their sales every 23 months.
Investors who recognize this now and act immediately will position themselves as a new class of millionaires over the next year and years to come.
Here are two stock picks to get you started….
Marijuana stocks are full of potential in 2021, with legalization sweeping the country… In 2021, we know at least two more states will allow the sale of legal marijuana – Mississippi (medical) and South Dakota (medical and recreational).
And in three states where it was already medically legal – New Jersey, Montana, and Arizona – anyone over the age of 21 will now be able to purchase cannabis recreationally in 2021.
By 2022, we could very well see even more laws to legalize medicinal or recreational weed as 11 of the 15 states remaining to legalize it are expected to vote on it then.
But between now and 2022, there is likely going to be explosive growth in the cannabis industry that early investors willing to take the risk can still capitalize on.
We're still so early.
Today, our Don Yocham will be telling you a real “Knight’s Tale” about William O’Shaughnessy, who pioneered medical cannabis and led us to this $7 cannabis stock.
That’s right, this is the kind of “Knight’s Tale” that can make you rich….
As an investor, it's important to cast a cold eye on the presidential election.
You need to scope out the best stocks to buy no matter who wins.
Right now former vice president Joe Biden is leading in the polls, so investors need to have a plan for a Biden victory.
We've outlined just how a Biden win would affect your money.