North American Cannabis Stocks Rise 200% In Last 2 Months. How You Can Profit From Legalization.
Cannabis stocks in North America are rewarding investor just like in the Crypto space. Since the beginning of November, the North American Marijuana Index has risen 200% and the gains will continue into 2018.
I have been following the cannabis industry for 4 years, the gains have been spectacular and can rival some of the gains made in the Crypto space. With legalization in California started a few days ago, we can expect these gains to continue into 2018 and for the next few years.
Is too late to invest in Cannabis Stocks?
No, I don't believe so. The industry is moving from underground to a "legal market", one that unfortunately has gov't oversight and control, but none the less there are now opportunities to participate in the industry without fear from Gov't confiscation or jail time.
The Canadian MJ stocks have outperformed the US stocks over the last 3 years, making all-time highs and gaining almost 1000% in 3 Years.
The United States Marijuana Index and the companies have lagged the Canadian index by a significant margin. The stocks are now approaching the Jan 2015 level, so they haven't put in any new highs as a whole, but that will most likely change in 2018 and we can start seeing some new all-time highs in the US cannabis stocks.
The United States cannabis stocks have lagged the Canadian counterparts primarily because of legalization at the federal level. The US gov't still seem to think that cannabis should remain a scheduled I drug, as a result. the industry still remains handcuffed and won't get the valuations that the Canadian sector is getting. However, I do believe this will change eventually and the US cannabis sector should start to outperform the Canadian sector in 2018 regardless of the US Federal Gov't stance on Cannabis. California is a huge market and the gains for cannabis investors in California opportunities will be spectacular in 2018.
Back in September, we provided coverage on one of Canadian Licensed Producers, the stock was trading around $1.00 at the time, see our report on Emerald on the TalkMarkets financial website. The company is now trading at $6.00 which is a 500% gain in about 4 months. For more details on Emerald or other Licensed growers, you can visit our directory listings, see stock prices and company info.
The point is that spectacular gains can be made in the Cannabis sector and you don't need to own Cryptocurrencies to make these kinds of gains. Most people don't own any Cryptos, so they are missing out on the Crypto profits, but many people have investment accounts with their financial brokers, they can invest in cannabis companies and still make some tremendous gains.
We provide more detailed coverage in our Newsletter at Invest In MJ, join us if you want to learn more about the opportunities in the cannabis sector. I am not a financial advisor and only provide our research, so please consult your own financial advisor before making any investment.
I am in the process of writing a special report on the Crypto Cannabis space, this will include evaluation of existing cannabis related tokens, blockchain solutions, and other opportunities.
Recent Posts About Cannabis Investing: Canadian Cannabis Stocks Rise 75% In The Last Month
Vin Maru - Editor at InvestInMJ.com, Research Analyst, and MJ Entrepreneur.
Its time to get hiiiii....on some returns!
Just don't smoke all your profits away...LOL
Cheers
Haha-no pun intended 😉
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