3 Best Cannabis Stocks and Why Invest NOW
3 Best Cannabis Stocks and Why Invest NOW
Two reasons cannabis stocks could be about to surge and why now is the best time to invest in weed stocks.
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Marijuana stocks are notorious for surging around hype of legalization and other changes to the law, only to come crashing down afterwards. if you look at a chart of GW Pharmaceuticals, a cannabis therapeutics company, the share price shows this cycle of hype and then the crushing letdown. That first major wave of legislation in 2014 put legalization on the ballot in 15 states and took the share rocketing up 153% through mid-2015…only to crash back to earth the next year. The next wave of legislation had a longer-lasting effect on the share price but even that has worn off and the market has again lost interest.
But two factors have lined up that could take cannabis-related stocks back to their peaks, bring that hype back and make investors a LOT of money.
Now could be the time to get back into the theme, before the rest of the market and I’m buying the three stocks we’ll talk about today.
In this video, I’ll share the marijuana stocks news that could move the market. I’ll show you the cannabis stocks fund and why you should invest in individual pot stocks instead of the ETF. Then I’ll reveal my cannabis stocks list I’m buying and why.
The first factor here probably won’t surprise anyone but the outcome will. Democrats are now favored to control Congress and that could lead to federal legalization of marijuana or at least a return to friendly legislation. Medical marijuana will be the first to benefit but we could see nationwide legalization.
The U.S. House of Representatives passed the SAFE Act last September to clarify federal rules on banking for cannabis companies. A lot of the retailers and even larger companies have been squeezed for funding because traditional banks won’t lend so the legislation is seen as a big step but it was dead-on-arrival in the Senate. With a Democratic control of both chambers next year, this legislation is likely to come back and bring a lot of funding to marijuana companies.
Even if this scenario fails to happen though, another factor is lining up to boost cannabis stocks and legalization. State budgets are underfunded by more than $550 billion and legislators are scrambling to fill the gap. Taxes on marijuana companies are as high as 37% above sales taxes and could mean hundreds of millions in lost revenue.
Like in the past, even if the actual outcome of these two factors is less than cannabis investors hope, just the hype and build-up behind it will be enough to drive cannabis stock prices higher for a time.
1:20 Marijuana Stock News
4:17 Cannabis Stocks Index
4:56 Cannabis Stocks List
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
Is this the gay cleaner guy who got beaten up in the wolf of wall street?!?
Great info, what do you think of USMJ?
You know what I like to see I would like to see a real cannabis and chronos group work together since they both in Canada
Weed is going to be legalize everywhere in the usa I think
I owned 3.944 share for Cron share for $35.70 investment
CHOOM goes boom
Choom Holdings
GW 213 USD today
I wish I had found your channel and this video earlier. You are truly one of the best informative YouTubers on the investing! Thank you!
andddddddd you were right.
Subscribed 🙂
Checked the prices for all three stocks.
Unbelievable recommendations!!!
Thank you so much!!!
The political forecast aged well
Marijuana is set to hit a all time high and can’t wait with allystock I have invested thousands and the outcome has been so awesome 😃
I don’t really understand investments/trading .. but last year I invested the minimum $550 into High Times when they opened to the public for investing. These are $1.00/ share. So dumb question.. I bought 550 shares? I wanted to get more shares but don’t have $$ to invest. I used my tax refund last year to invest with until next tax refund if I get one. Is High Times a good investment?
Great video. 2700%!?! Can anyone on the planet tell me why symbol FWDG- Future world (cannabis penny stock) is up 2700% (!!!!) in the last couple weeks?????? I can’t make heads or tails out of its climb and i am FreAkiNg out!!!
ACRDF CURLF CRLBF GTBIF CGC best weed stocks out there
I got MJ, YOLO, OGI, HEXO, and the cannabis REIT IIPR on my Robin hood and Stash.
Great info, what do you think of USMJ?
Have you taken a look at The Valens Company (VLNS) ? Could you take a look and make a video of it
Wall Street ( big money) just got into cannabis stock. Look out.
SGMD is the ticker for a cannabis stock under a penny, I have 4 million shares and think you should too on the day it becomes legal nationwide sugarmade owns 40% of BUDCARS and has a 30% option they will be expanding to LA SF and Sonoma in 2021
What about the supreme cannabis company/7acres?
MCOA is a great cannabis stock to own
Love
Wow you really nailed these ones. Most are up over 100% in less than six months
hi i speak little english i would like to know more how to invest and how to act! ??
Could you make an up-to-date video about your thoughts of the current Cannabis stocks and a market analysis?
MJNA is way better…all your advice is old news..prices are already too high dude
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Where can you buy the stocks? The 2 apps I have don’t allow it.
US weed stocks >
PLANET 13 will 3-4X this year!!!
A cannabis stock for under a penny? SGMD @t six shares for one penny!
organigram is going up soon! Cant wait! Oh ya!
It was great to hear your in depth research and review on this awesome market. I was wondering if you could make an update video and where you could see this market down the road. You have gained a subscriber from me!
Hi what are your opinion on beleave please comment
HCANF is a must have
House Passes Landmark Bill Decriminalizing Marijuana
MJNA to the moon $$$$$$
how do you feel about SNDL and HEXO? both are cannabis stocks that are cheap and under 2$ easy to get 100 shares of
And I will also get GW too
Wow, just watched this. Really regret not buying a couple thousand options calls 🙃
Is to late to invest?
I went with Aphria, Canopy growth, and Aurora Cannabis Company
Other ones I was looking into were Hexo, Organic Gram, Cronos, and hemp
I’ve been long in MJ for a couple of years but that was before I understood expense ratios and how they are paying dividends.
lately I’ve been using robin hood and see the locks on stocks I cant purchase! Are there any sites or apps you recommend that are more open ?
Cgc $100 stock low side in the next few years. Cannabis is the future. Younger generations far more interested In cannabis than Liquor
How about sndl?
Man some of these picks aged very well 🔥 What are your thoughts on newly trading $CBD.U/$CBDHF? It wasn’t around when you did this video but it’s a big time MSO trading on the TSX 🤙
how are you missing HITIF lol, whom is the LARGEST retailer in accesories and who does wholesale to all of your companies.
High Tide owns grasscity and smoke cartel, the largest websites out there.
They are dominating Canada and are positive in earnings….
Growing 60% q3 ->Q4. This is hinted in their investor presentation.
The company is on a crazy run and will continue as they will be growing to the same size as GrowGen Corp…..
Same positive earnings…
Only Growgen is 2.4B market cap and HITIF is like 0.2B….
Watch it pass by and miss out on those as well.
The others you mention are nice too!