Analysis originally distributed on January 3, 2018 By: Michael Vodicka of Cannabis Stock Trades
2017 turned out to be a great year for cannabis stocks - particularly if you knew which stocks to buy.
The North American Cannabis Index was up 86% in 2017.
Canadian stocks were on fire - the Canadian Cannabis Index was up 160% in 2017.
Most improved award goes to US cannabis stocks - they were steadily falling for most of the year - down 40% on the year in late October.
Then in early November, a major rally kicked in and US cannabis stocks rallied hard - with the US cannabis index jumping more than 100% from the 52-week low. Continue reading "North American Cannabis Index Jumps 86% in 2017"
Analysis originally distributed on Decemberber 20, 2017 By: Michael Vodicka of Cannabis Stock Trades
Last week I shared a list of 6 cannabis stocks I expect to profit from the legalization of recreational cannabis in California.
This week I am going to take a deeper dive into one of my favorite stocks from the list.
- This is a good stock to profit from California
- It's also a broad play on the US cannabis sector
- Third-quarter sales were up 86% from last year
- Shares just spiked into a 52-week high
- I see plenty more gains ahead.
GrowGeneration (OTC:GRWG) is a US cannabis company headquartered in Denver, Colorado.
Shares are traded in US, OTC markets under the ticker symbol GRWG.
GrowGeneration owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 13 stores, which includes 9 locations in Colorado, 2 locations in California, 1 in Las Vegas and 1 location in Seattle.
GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. Continue reading "2 Profit Triggers Could Send This Stock Soaring In 2018"
Analysis originally distributed on December 13, 2017 By: Michael Vodicka of Cannabis Stock Trades
Cannabis stocks have a huge event directly on the horizon. In fact, it's the most important event of the last 12 months and I expect it to send a certain group of cannabis stocks soaring.
On January 1 California will become the latest - and largest US state - to legalize recreational cannabis.
This is easily the most important event in the cannabis sector in the last 12 months. And I expect it to be a huge catalyst for cannabis stocks for two reasons.
1. Billions In New Sales:
California is already the largest cannabis market in the world - by a long shot. Its legal and illegal cannabis market did around $8 billion in sales in 2016 - with 75% of that from illegal sales. Recreational is expected to quickly chip into illegal sales and grow into a $4 billion annual market within a few years, from basically $0 today. That is a potential revenue and profit windfall for cannabis companies ready to capitalize. I expect this to be a strong tailwind for US cannabis stocks in general and particularly ones operating in California's high -growth market.
Continue reading "6 Cannabis Stocks Set to Surge from California's Rec Market"