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.
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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.
So if you haven't invested yet, it's not too late to buy my best marijuana stocks for 2021...
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Volatility returned to the markets in the last week as the VIX spiked 38.5% and the S&P 500 experienced a 7% decline.
With the economy still struggling, investors are wondering if this is the start of another stock market crash.
But it could also be just a bit of “fat trimming” in a longer-term bull market poised to go higher.
Here's everything you need to know now...
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The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.
Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.
And he expects GDP to expand by 5% in 2021.
Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.
But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.
The S&P 500 was flat and the down was down 0.6%.
Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.
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Robinhood's no-fee trading platform has helped it add 3 million users since launching in 2013, making it as popular as major brokers like E-Trade Financial Corp. (NASDAQ: ETFC).
There's just one problem for investors looking for marijuana stocks: Robinhood doesn't let you buy stocks trading on over-the-counter exchanges.
That might limit your options when it comes to buying marijuana stocks on Robinhood, but it doesn't have to limit your profits.
We're going to show you how you can cash in on the cannabis sectors explosive growth with the three best pot stocks on Robinhood.
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Together, we stand at the cusp of a truly unique opportunity. Never before have everyday investors had such early access to the birth of an entirely new industry.
And never before has a new industry emerged with well over 260 million customers already in place – spending nearly $350 billion a year in both legal and black market sales.
Compare that figure to the current $20 billion legal cannabis market and you can clearly see a wealth-building opportunity that has a lot of room to run.
At the pace that recreational use is getting legalized, that $20 billion market has to grow at 80% per year just to keep up.
Revenue surging at 80% per year for a brand-new industry is completely unprecedented.
With much of the road paved with existing demand, and because of the current lack of federal regulations, everyday investors like you have the chance to get in on the ground floor.
It's a truly historic opportunity – and I get the pleasure of helping you make the most of it.
Here's how I plan to do that for you… Full Story
Here's how I plan to do that for you... Full Story
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Thirty-two states (and Washington, D.C.) have legalized marijuana in one way or another.
Throughout 2020, the number of states legalizing marijuana could grow by another 10.
This is yet another buy signal for the best marijuana stocks out there.
Grandview Research says the legal marijuana market will soar 380% from $13.8 billion to $66.3 billion by 2025.
Now is the time to stake your claim in the next phase of the green gold rush.
That's why we've created five tips on how to invest in marijuana stocks successfully.
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The cannabis sector is experiencing extensive growth all over the world right now. The future looks even better, as consumers – particularly in North American recreational markets – are set to fork over $57 billion a year for their cannabis by 2027, according to Arcview Research.
But as bright and lucrative as the future prospects of marijuana are, there's no getting around the fact that right now is a pretty tough time to be a cannabis investor.
Consider that the $782 million ETF Managers Tierra XP Alternative Harvest ETF – the richest cannabis-heavy exchange-traded fund bought and sold in the United States – is down some 16.5% for the year.
Now, marijuana stocks are all affected to one degree or another by the domestic and international stressors pushing down stocks across the board, but it seems like all sorts of challenges have cropped up for an industry with such explosive potential.
So I'll tell you what I told folks at the recent National Institute for Cannabis Investors retreat that just wrapped up in Las Vegas: what's causing the trouble – and most importantly, when we can expect the juicy gains to start up again… Full Story
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If you're familiar with Money Morning, you already know about the latest gold rush.
The cannabis industry is expected to grow to $66.3 billion by 2025.
And investors are scrambling for the best cannabis stocks to buy.
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Our new list of the best stocks to buy now positions you for a strong run in the final stretch of 2019.
These picks combine explosive profit potential with blue-chip reliability.
Don't miss these opportunities.
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