The Industry’s Pain Could Be Your Gain
It’s been a rough few months for cannabis stocks, but now might be the time to jump back in to a booming business.
In 20219, we saw a precipitous fall in the value of some of the world’s biggest cannabis stocks after a huge run up in the year prior after Canada voted to nationally legalize recreational marijuana.
At the beginning of 2021, the cannabis industry seemed to be getting a second wind after several additional U.S. states voted to legalize cannabis and expectations for federal decriminalization increased.
The Cannabis ETF (THCX) soared as much as 127% between January 1 and mid-February.
But lately, investor sentiment has cooled on the cannabis industry for a variety of reasons.
As a result, share prices have fallen dramatically over the last two months.
But with an incredibly bright future ahead, I believe this may be a great buying opportunity to set up huge cannabis profits.
Where’s the money?
While cannabis stocks have steadily been declining since February as the post-election buying frenzy petered out, this week has been especially rough for the industry.
Canada is currently the epicenter of the cannabis industry, but as lockdowns persist due to new COVID-19 outbreaks, sales have taken a hit.
Couple that with a disappointing earnings report from Canadian cannabis giant Aphria Inc. (APHA) that investors see as a bellwether for the state of the industry as a whole, and you can see why cannabis stocks are falling.
But despite the recent problems, the cannabis industry has a very bright future – and this may be one of the best buying opportunities you’ll get in the space this year.
Let me explain…
How do I get some?
The Canada lockdown problem is ultimately a short-term blip in the story of the cannabis industry.
And yes, Aphria had weak earnings, but this is a long-term growth play, NOT an earnings story. Even if it was, industry-wide recreational cannabis sales have actually increased during the pandemic.
I believe we’re going to continue to see changing legislation that will create a boom for the cannabis industry in the U.S.
My favorite cannabis name is Tilray, Inc. (TLRY), and I think this stock is close to bottoming out.
This is a great time to put on some long positions and take advantage of this weakness in cannabis space as more states – and maybe even the federal government – legalize.
The Best Cannabis Research and Trading, Right at Your Fingertips
But Tilray is far from the only massive profit opportunity out there.
Right now, there are hundreds of companies looking to make a big splash in a space that has huge potential.
And the experts at the National Institute for Cannabis Investors are here to educate and guide you every step of the way.
And they’re so sure of the incredible opportunities in cannabis that they guarantee that at least five of the opportunities we present will give you the chance at 10X returns over the next 12 months.
Want to learn more? Click here for all of the details.
In the Spotlight: A New Player in the EV Space
Mercedes-Benz is the latest automaker to throw its hat into the luxury electric vehicle ring.
The popular automaker announced that it will be launching its new all-electric EQS sedan on Thursday.
While Mercedes’ parent company, Daimler, is not a publicly traded company in the U.S, its entry into the high-end EV space could spell big problems for investor favorite, Tesla Inc. (TSLA) and others in the industry.
I’m extremely interested in the EV space, as the transition to electric vehicles could be one of the biggest profit opportunities in decades.
I’ll be monitoring consumer reactions to the Mercedes EQS and will keep you posted on what it means for the rest of the industry in the coming weeks. Stay tuned.