Analysis originally distributed on October 4, 2017 By: Michael Vodicka of Cannabis Stock Trades
Growing revenue by more than 100% for 11 consecutive quarters is no small accomplishment.
A statistic like that immediately tells me two things about a company.
Number one, it is operating in a high-growth industry.
Number two, it is doing a great job of capturing that growth.
These are the reasons I'm excited about the little-known cannabis stock I am going to share today.
This early industry leader just reported its 11th consecutive quarter of at least 100% revenue growth.
That's a pretty ridiculous streak - I haven't seen anything like it even in the high-growth cannabis industry.
That's why shares are up 104% in 2017 and ready for more.
Let's take a closer look. Continue reading "100% Revenue Growth for 11 Consecutive Quarters"
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?"