Industry would be wise to adopt sustainable practices from the beginning. By Jon Hale, Ph.D., CFA It’s not often that an entirely new legal industry springs up practically overnight after having been mostly illegal for decades, but that’s what is happening with cannabis today. Unlike most emergent industries, for which long-term survival cannot be […]
Cannabis Investments
Feeling burned: The first year of legal cannabis has been a complete disaster for investors
Shares of the 10 largest Canadian cannabis producers have been bludgeoned, yielding an average negative return of more than 57% The legalization of cannabis in Canada was supposed to be a catalyst — the most powerful one yet, investors and analysts alike thought — that would launch companies in the young but potent industry to […]
SEC green light prompts rush into marijuana ETFs
Marijuana ETFs are rushing to list on US exchanges after getting a green light from the Securities and Exchange Commission. Provided that marijuana exchange traded funds can show an independent legal opinion that no holdings violate federal law, they can now list in the US, according to the SEC. Until now, confusion about marijuana’s legal […]
Ready to cash in on that IPO? Make sure you understand Rule 144
In today’s highly profitable cannabis industry, we’re seeing a lot more companies go public. These IPOs raise capital for business interests, but they also might raise questions about private-placement stock, as well. That’s understandable. After all, holders of these kinds of pre-IPO securities are eager to be rewarded financially once a company goes public. But […]
Time to Invest in Marijuana? Read This Now.
Everything is changing quickly in the marijuana industry and the legal landscape is evolving even faster. Understanding the changes as they occur is going to be extremely important for making successful investment decisions. It’s an exciting time for investors in this new industry who are now able to purchase shares in companies producing cannabis products […]
Wash Sale Rules and Canadian Cannabis Stock Holdings
Sequel to “Warning to Americans Investing In Certain Canadian Cannabis Stocks That Have A U.S. Presence” Last month, I wrote about the major dividend tax withholding rate differences existing amongst the various types of stock holding entities, ranging from 0% for retirement accounts to 25% for non-retirement accounts. With many stocks more than 50% off […]
Marijuana-derived epilepsy drug doubles sales, sending GW Pharma stock soaring
GW Pharmaceuticals PLC reported Tuesday afternoon that sales of its cannabis-derived epilepsy drug more than doubled from the previous quarter, sending shares spiking more than 11% higher in after-hours trading. GW Pharmaceuticals GWPH, +10.22% reported second-quarter sales of $68.4 million for Epidiolex, which uses cannabidiol, a compound present in cannabis plants to treat certain forms of epilepsy. Wall Street […]
Warning to Americans Investing In Certain Canadian Cannabis Stocks That Have A U.S. Presence
You could be (up to) 33% worse off than compared with investing in U.S. stocks because of taxes! Learn the rules on minimizing the additional taxes before you invest. Investors be aware, not all US investors in Canadian stocks are treated equally for tax purposes! There has recently been a flurry of Canadian resident corporations deciding […]
Another marijuana company is paying big to get in on the Illinois market. Chicago-based Grassroots Cannabis to be sold for $875 million.
Grassroots Cannabis is set to be acquired for $875 million, becoming the latest Chicago-based marijuana company to draw a blockbuster price tag from an out-of-state operator. Curaleaf Holdings, based in Massachusetts, announced Wednesday morning its plan to acquire Grassroots. The acquisition will allow Curaleaf to expand its presence into states where it does not already […]
These 35 Cannabis Stocks Fell at Least 10% in May
Throughout most of 2019, marijuana stocks have been virtually unstoppable. In the first quarter alone, the first-ever cannabis exchange-traded fund, the Horizons Marijuana Life Sciences ETF, advanced by more than 50%, with 14 prominent pot stocks gaining at least 70% through March. Although gains slowed a bit in April, most cannabis stocks were still handily outperforming the […]
The impact of the next recession on cannabis
By David Traylor In 2019, warning signs have been intermittently flashing red for a potential economic downturn. The indicators, which include forecasted lower GDP numbers in China, falling U.S. Manufacturing PMI, some slowing economies around the world and ongoing Brexit uncertainty, are some of the issues giving investors concern. Cannabis investors should monitor the potential for a recession […]
The 10 Best Marijuana Stocks in April
Believe it or not, marijuana stocks proved fallible in April. Although spring typically brings the green, the Horizons Marijuana Life Sciences ETF, a broad-based cannabis fund holding around four dozen pot stocks of various weightings, lost 1.6% during the month of April. Then again, don’t start crying the blues for pot stocks, with the Horizons Marijuana […]
Here’s Who Sold the Most Marijuana Last Quarter
Following the opening of Canada’s recreational adult-use marijuana market last October, top marijuana stocks could capture billions of dollars in sales as consumers shift their spending from the black market to licensed marijuana retailers. The potential to profit from pot is sparking a green rush of investment that has some marijuana growers already benefiting more […]
Denver company avoids Colorado ban on publicly traded pot companies
As Colorado’s legislature considers whether to allow publicly traded cannabis companies to operate in the state, one such company in Denver has been doing so for months. Founded in 2010 by John Fritzel, then a bankrupt former Subway franchisee, and two of his friends, MJardin has become a significant player in North America’s cannabis industry. In […]
Marketing a Cannabis Company for Sale, Part 4
Part 4: Confirm Deal Terms In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert, walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Part 4: Confirm Deal Terms,” is part four of a five-part series. At this point in the process of marketing your […]
Marijuana Stock Aurora Cannabis Is Soaring Because a Top Analyst Sees Profits Around the Corner
Aurora Cannabis stock was rising sharply on Tuesday, up more than 9% following a bullish call from Cowen & Co. The back story. Aurora Cannabis stock (ACB) has been on a tear in 2019, rising 58.5% since the start of the year. It hasn’t been a straight shot upward for the Canadian cannabis company, but Aurora’s acquisition of Whistler Medical […]
A Big Pension Fund Is Going Bigger on Marijuana Stocks
The biggest pension fund in the U.S. has increased its exposure to marijuana stocks. Barron’s has reported that although the California Public Employees’ Retirement System, commonly known as Calpers, has a ban on investing in tobacco stocks, it is free to invest in companies that produce marijuana for recreational use, and marijuana products. In the fourth quarter, […]
This Marijuana Stock Just Made History (No, It’s Not Canopy Growth)
Investors have been flocking into marijuana stocks, and the returns that cannabis companies have generated for their shareholders have been impressive. Yet many investors are still shying away from companies in the marijuana industry because of the legal and logistical challenges involved with the business. In addition, the fact that so many of the most popular […]
