Marijuana Stocks Heading Into Elections

By Michael Berger of Technical420.com
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The Election trade appears to be in full effect as cannabis stocks continue to rally in September after selling off in August. Although the United States cannabis industry typically steals the headlines, Canada has quickly become a global leader and the market has taken notice. Canadian Stocks Bounce Back

During the last month, Canadian medical cannabis producers have seen a sharp turnaround with share prices having recovered following Health Canada’s decision to let registered patients grow their own medicine.
The Canadian medical cannabis industry is growing at an impressive 10% per month and it now has more than 95,000 patients. There are currently 35 federally licensed medical cannabis producers in Canada under Health Canada’s Marihuana for Medical Purposes Regulations (MMPR).

We continue to view Canadian licensed medical cannabis producers as among the best growth opportunities available to investors and recommend taking a look at the following companies: Canopy Growth Corp (CGC: TSX) (TWMJF: OTC),OrganiGram Holdings (OGI: TSXV) (OGRMF: OTC), Aurora Cannabis Corp (ACB: CSE) (ACBFF: OTC), Mettrum Health Corp. (MT: TSXV) (MQTRF: OTC), and Aphria(APH: TSXV) (APHQF: OTC)
Selectivity is Key with United States Cannabis Stocks

Although the United States cannabis industry offers investors significant upside, it presents even more risk as many companies are led by management teams focused on creating value for themselves instead of for the shareholder. Although the legal cannabis sector is very attractive, due diligence is required with any investment. Investors need to focus on companies that are well capitalized, led by a management team with a proven track record, have a sound financial structure, act in the best interests of shareholders, and continue to execute on business initiatives.

Before investing in a cannabis company, investors should always assess: 1) its management team, 2) its financial structure, 3) the exchange it trades on, 4) its track record, and 5) recent insider activity.
Some of the United States cannabis stocks we prefer include: Kush Bottles(KSHB), MassRoots (MSRT), Medicine Man Technologies (MDCL), GW Pharmaceuticals (GWPH), and Zynerba Pharmaceuticals, Inc. (ZYNE).
https://technical420.com/cannabis-article/investing-cannabis-election-trade-where-and-when#

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