Analysis originally distributed on November 1, 2016 By: Michael Vodicka of Cannabis Stock Trades
Cannabis stocks are red hot.
The MJIC North American Marijuana Stock Index is up more than 130% in the last six weeks. Take a look below.
In the meantime, the S&P 500 is up 5% on the year.
I’m not trying to dis the S&P 500. These are the best companies in the world and that’s actually a respectable performance.
But for investors looking for growth, the question has been answered. Yes. Cannabis stocks are the place to be in 2016. Continue reading "The North American Marijuana Stock Index Is Up More Than 130% In The Last Six Weeks"
By: Luke Jacobi
Marijuana legalization may already be putting pressure on alcohol companies.
The maker of Jack Daniels, Brown-Forman (NYSE: BF-A) (NYSE:BF-B), released its annual report on Thursday, which included a laundry list of risks -- among them, recreational marijuana.
"Consumer preferences and purchases may shift due to a host of factors, many of which are difficult to predict," it noted, "including… the potential legalization of marijuana use on a more widespread basis within the United States."
Recreational marijuana use is currently permitted in Colorado and Washington, while at least 22 states have legalized cannabis for medical use.
Related: Cannabis Investors Preparing For Industry Data From WeedStock
Cannabis stock specialist Alan Brochstein believes alcohol firms have reason to worry.
"Big Alcohol is watching marijuana legalization closely," he told Benzinga, "and its very likely that these companies are highly concerned. Cannabis legalization is likely to lead to a substitution effect." Continue reading "Should The Liquor Industry Be Worried About Legal Cannabis?"