Analysis originally distributed on May 23, 2018 By: Michael Vodicka of Cannabis Stock Trades
Back in January 2018, California legalized recreational cannabis. It was a huge breakthrough for the US cannabis industry and it sent cannabis stocks operating in California soaring.
For example, Innovative Industrial Properties (IIPR), a US cannabis company headquartered in San Diego California, jumped almost 100% in the month leading up to California going legal. Shareholders were rewarded with some big gains in a short time.
Today – I see this same pattern repeating itself on the other side of the country.
Massachusetts is set to legalize recreational cannabis on July 1 – a little more than a month away.
According to market-research firm New Frontier Data, sales should be around $500 million in 2018 and jump to more than $1 billion by 2020. Continue reading "Massachusetts Set To Legalize Cannabis"
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"