Marijuana Stocks Update: This Could Be Just The Beginning
It’s official: Canada joined the majority of states in the United States to welcome legalized recreational marijuana and has become the first G-7 country to give the green light to the adult use of cannabis. Lately, marijuana stock investors have been hyped up about the opening of Canada’s recreational marijuana industry and have seen this as a “changing of the guard” so to speak. But this industry event doesn’t mark the ending because, in our opinion, this could be just the beginning for one marijuana stock!
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California’s Canna-Boom Could Present Growth Opportunity For One MJStock
The cannabis industry and marijuana stocks have created countless money-making opportunities over the years. With Canada’s fully legalized recreational market, this industry is about to enter a new phase of growth. But what Canada represents, more than a new market is an opportunity for big institutional money to come into play; the crazy part is that the US is still “the place to be” as we see a number of American companies listing on the Canadian exchanges this year. One Company could be cornering the California market.
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Marijuana Stocks Bounce Back From Hard Hit
The marijuana stock market in the past few weeks has been plagued by a downtrend that has hit the whole of the market and not just cannabis. Many factors have played into this such as tightening tariffs and issues surrounding Saudi Arabian human rights, but it seems as though things could be settling down in the coming weeks. Forty of the 48 companies listed within the Horizons Marijuana Life Sciences ETF, one of the most popular ETFs in the marijuana stock space, saw gains during the trading day, which put the ETF on track for one of its highest daily gains in a few months.
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