What's Moving Marijuana Stocks Higher? The Farm Bill
What's Moving Marijuana Stocks Higher? The Farm Bill
Canopy Growth (NYSE: CGC) is the first cannabis company to take advantage of a new path to do business in the U.S., but it’s unlikely to be the last. The recent Farm Bill removes hemp from the controlled substances list, providing the first opportunity for large, Canadian marijuana stocks to do business in America. How big of a deal is this? Analyst Shannon Jones is joined by Todd Campbell to discuss Canopy Growth’s plans.
Also, they discuss what Aurora Cannabis (NYSE: ACB) preliminary quarterly results tell investors about Canada’s new recreational market and how Cronos Group’s (NASDAQ: CRON) recent tie-up with tobacco giant, Altria (NYSE: MO) puts it in an envy-inspiring position to profit from widespread legalization.
————————————————————————
Subscribe to The Motley Fool’s YouTube Channel:
http://www.youtube.com/TheMotleyFool
Or, follow our Google+ page:
https://plus.google.com/+MotleyFool/posts
Inside The Motley Fool: Check out our Culture Blog!
http://culture.fool.com
Join our Facebook community:
https://www.facebook.com/themotleyfool
Follow The Motley Fool on Twitter:
https://twitter.com/themotleyfool
Just bought in @ $15.99. Let’s revisit this comment in 5 years.
A cannabis stock for under a penny? SGMD @t six shares for one penny!
…..We would love to get an update on marijuana stocks now ?????
Good video!
I really enjoy the intellectual financial commentary of Lady Shannon, also if she read these, one fool subscriber would also compliment your brains and beauty.
Also shout out to the supporting cast incite.
The Man needs some speech classes
Good info Good Job
haha..illegal on the federal level but have stocks on a federal stock exchange…wow
Hey everyone. How is everybody? I was a trader for 26 years. I left the business in 2012. Canopy Growth first came to my attention last march. After reading and looking and charts, I couldn’t help myself and bought in the mid 20’s. I bought more after the Constellation News. I also bought ACB, CRON and TLRY in sympathy. CGC ran to 59 and retraced all the way back to 25. That, I was not expecting. Did it bother me? Not in the slightest! These trades are in their infancy. They should be bought and held. Look at them in 5 years.
People’s beliefs that these companies will earn billions it won’t happen Holland legalization for 40 years no company has made a billion in profit and they account for only ten percent of sales 90 percent is black market stay clear 👌
Thank yall for your insight!!!! market going to the moon!!!!