Earlier this month, emerging cannabis company Weekend Unlimited Inc. (TSE: POT) claimed an unusual victory in the market place when it won the right to use the coveted stock ticker "POT" to represent its shares on the Toronto Stock Exchange.
Cannabis investors greeted the news with borderline hysteria, driving Weekend's stock up an astounding 150% in one trading session.
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
I try to avoid talking politics here.
My job is to help you make money no matter who's occupying the White House and Congress.
I'm not here to comment on what they're doing except on how it will affect your money.
And even though I could score some points if I did so, I'm certainly not here to endorse one party or the other.
I say all that so you don't think I'm a knee-jerk "Trump basher." I'm quite conservative myself – and have vocally supported the president on a number of matters (a tough thing to do sometimes in liberal Silicon Valley).
But I cannot hold my tongue any longer as President Donald Trump keeps damaging Main Street investors and their retirement holdings.
Of course, I'm talking about the president's misguided attacks on Amazon.com Inc.
I want to show you how these attacks are part of a pattern for this administration.
In fact, they're related to the pressure we've seen on pot stocks of late.
Today I'm going to show you that's playing out.
But more importantly, I'm going to show you how to profit...
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Today Lee's taking a break from doom-and-gloom liquidity analysis to bring you some truly fascinating questions from a group of the smartest people he knows, the Sure Money and Money Morning commentariat.
He's starting things off with queries about pot stocks and gold.
Whatever else you can say about them, they are very rarely boring...
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Last week, White House Press Secretary Sean Spicer indicated the government may "step up" efforts to enforce federal marijuana laws, in direct opposition to several states, such as Colorado and California, that have legalized cannabis for recreational use. And this week, Attorney General Jeff Sessions did anything but walk those comments back when he said "it remains a violation of federal law to distribute marijuana… whether a state legalizes it or not."
Spicer and Sessions' ominous statements galvanized cannabis industry players, insiders, and activists, even as they sent marijuana stocks into a "Trump slump" of their own.
Now, I've suggested my Nova-X Report readers who've been playing the stocks in our weed investors' "bible," The Roadmap to Marijuana Millions, treat this downturn as a chance to use my "Cowboy Split" strategy to add to positions that have already paid triple-digit gains.
But I completely understand why regular investors playing this lucrative trend might be nervous.
So let me tell you why I'm not nervous at all. It has to do with a powerful, unlikely "Red-Blue" coalition that isn't going to take any renewed assault on legal pot lying down.
But more than that, it has to do with unstoppable momentum...
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Pot stocks are looking better and better every year.
This year along the pot industry is expected to grow 26% to $7.1 billion, according to ArcView research.
And as an investor, it's easy for you to tap into this growth.
Start the conversation