Analysis originally distributed on May 10, 2017 By: Michael Vodicka of Cannabis Stock Trades
If you like getting a good deal then once again the time has come to take a look at cannabis stocks.
The cannabis sector has fallen into a bear market. A bear market happens when a stock falls 20% or more from its 52-week high.
After posting massive gains in 2016 and early 2017 – the MJIC Index North American Cannabis Index is down 25% from its 52-week high. Take a look.
I don’t see any fundamental reason for the pullback. As always there has been plenty of good news coming out of the cannabis industry. Continue reading "First Ever Cannabis ETF: Friend or Foe?"
The Horizons Medical Marijuana Life Sciences ETF (HMMJ) will begin trading on the Toronto Stock Exchange today, April 5th 2017. This will be the first ETF that will have exposure to companies listed in North America that operate in the medical marijuana bioengineering and production fields.
Many investors have been interested in the industry for a number of years, but haven't had the opportunity to invest in it through a diversified manner. This ETF solves that big hurdle.
While it is unknown how many stocks the fund will hold, or who exactly will be in it, investors can be assured this ETF boasts some very serious growth predictions. Sales in the marijuana industry grew by 30% in 2016 and according to Arcview Market Research; the industry will triple in the next four years. Continue reading "Will You Buy A Marijuana ETF?"