How To Play New York's Legalization Of Recreational Cannabis

New York Governor Andrew Cuomo just revealed that the empire state is close to legalizing recreational cannabis. Analysts were expecting New York to go legal in 2021 – but after Cuomo’s revelations, it looks like it’s going to happen sooner than expected.

Here are some more details from Marijuana Moment.

Marijuana reform advocates are seeing a number of positive signals in the push to legalize marijuana in New York—with the governor saying a deal is “very close” and a new resolution from the Senate saying that a legalization bill “shall be passed outside of the budget process.”

Cuomo said on Monday that “passing marijuana reform and legalizing recreational marijuana” remains a priority and that he spent the weekend speaking with Assembly Majority Leader Crystal Peoples-Stokes (D), sponsor of the MRTA, “working through” the legislation. He said they are “very close on marijuana.”

New York potentially going legal is important for two reasons.

#1 – New York Would Be One of the Largest Cannabis Markets in the World

New York is expected to quickly grow into one of the largest cannabis markets in the world. In a recent report, authors Parrott and Mattingly predict that annual cannabis sales could come close to $4 billion by the end of the decade.

Here is some more data from the report: Continue reading "How To Play New York's Legalization Of Recreational Cannabis"

Virginia Is Going Legal - Here's How To Play It

Virginia just voted to legalize recreational cannabis, making it the first southern state to go legal. This is another big step forward for the U.S. cannabis industry and another big win for cannabis investors.

I’m going to reveal one company, valued at $1 billion and growing quickly, that could be the best investment play on Virginia’s big legalization move.

Why Virginia and Why Now?

Virginia is the 16th U.S. state to legalize recreational cannabis. Here are some more details from mjbizdaily.com.

Virginia lawmakers on Saturday narrowly approved compromise legislation legalizing a commercial recreational marijuana program that could generate nearly $1.5 billion in annual sales within five years of the scheduled Jan. 1, 2024, start. Virginia would become the country’s 16th state and the first in the South to legalize adult-use marijuana as soon as Gov. Ralph Northam signs the bill, as he is expected to do.

Virginia going legal is important for two reasons: Continue reading "Virginia Is Going Legal - Here's How To Play It"

3 Profit Triggers For Cannabis Stocks In 2021

This analysis was originally published on Cannabis Stock Trades on January 7, 2021.

2020 turned out to be an incredible year for cannabis stocks.

After falling sharply in 2019, the sector was hit hard again in the spring when COVID-19 ravaged global markets. Cannabis stocks and sentiment hit a multi-year low, and many cannabis investors threw in the towel.

It was a dark time for cannabis stocks. Take a look at the steep decline in 2019 and early 2020 in the chart below.

cannabis

Wall Street has seen it a thousand times. This extreme pessimism usually sets the stage for an enormous rally. And that’s exactly what happened. Continue reading "3 Profit Triggers For Cannabis Stocks In 2021"

3 Cannabis Stocks To Trade After The Vote

Cannabis has emerged as a big winner in the 2020 U.S. presidential election. All five states that voted on cannabis legalization passed their ballot measures. That list includes:

  • Arizona: recreational cannabis
  • New Jersey: recreational cannabis
  • Montana: recreational cannabis
  • South Dakota: recreational and medical cannabis
  • Mississippi: medical cannabis

This is another big step forward for the U.S. cannabis industry.

33 states have already legalized medical or recreational cannabis. Adding five more states to the mix will add billions in annual sales. The growing green wave has analysts predicting enormous growth for the U.S. industry in the next five years.

U.S. Cannabis Industry Setting Up For Major Growth

Here are some more details from mjbizdaily.com.

Retail sales of medical and recreational cannabis in the United States are on pace to eclipse $15 billion by the end of 2020, an increase of approximately 40% over 2019 sales figures, according to exclusive projections from the 2020 edition of the Marijuana Business Factbook.

Total U.S. sales could rise as high as $37 billion by 2024, according to exclusive projections from the latest Factbook, which was released Monday at MJBizConNEXT Direct.

US Cannabis Retail Sales

While the entire sector stands to benefit from this explosive growth, a popular group of early industry leaders could benefit the most. Continue reading "3 Cannabis Stocks To Trade After The Vote"

Mexico Ready To Unleash A $2 Billion Market

The United States is dominating the cannabis headlines because four states are set to vote on legalization on November 3 with the U.S. presidential election.

Cannabis investors could have easily missed a huge investment opportunity that is rapidly developing just south of the U.S. border.

Mexico is on the fast track to legalize recreational cannabis – most likely by the end of the year. Here are some more details from marijuanamoment.com.

The Mexican Senate will likely vote on a bill to legalize marijuana within the next two weeks, the chamber’s majority leader recently said.

It’s not clear if the legislation will go through the committee process or straight to the floor given that tight timeline. Zara Snapp, a legalization activist with the Instituto RIA and the coalition #RegulacionPorLaPaz, told Marijuana Moment that advocates have similarly heard from senators that the plan is to quickly pass the proposal and they’re “hopeful” that’s the case.

If the Senate passes the legal cannabis bill it will still have to go before the other house of the nation’s Congress, the Chamber of Deputies. President Andrés Manuel López Obrador said in August that marijuana reform legislation will advance in the new session. The bill was approved by several committees earlier this year, but the COVID-19 outbreak derailed negotiations.

Legalization in Mexico is important for two reasons. Continue reading "Mexico Ready To Unleash A $2 Billion Market"