Cannabis Stocks Next Big Wave Is Coming Late August

Multi-State Operators (MSOs) in the United States are primed for the next big stock amp-up, which could see at minimum a 50 percent move starting as early as late August even without federal legislative movement. As volumes start to pick up this July, US stocks don’t need a special event to bounce off this latest correction…

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Cannabis is a Consistent Performer

Cannabis is rapidly closing the revenue gap outpacing such landmark institutions as the National Football League — and there is still an estimated $66 billion U.S. legacy market still to replace. Even more compelling is the emergence of profitability that is coming after the massive infrastructure spending that started in 2018 and 2019. While summers have always presented lower volumes of movement for small caps, the trading indexes are showing favorable valuations through the end of the season, despite the to-be-expected typical federal legislative gridlock on the horizon.

Even without federal rule enactment of legislation like the SAFE Banking Act, U.S. cannabis revenues increased astronomically from $1.9 billion in 2014 to $17.5 billion in 2020, beating expectations yet again. Forbes recently predicted that by 2025 the U.S. market will reach $43 billion — which only a few months ago was predicted to reach $29 billion. A flurry of newly legalized states (and more to come) all but ensure we will most likely see another stellar year in 2021, and an even larger increase in 2022. And with more demographics like seniors opening up to cannabis therapies, the industry is growing more robust with legalization sweeping through the remaining hold-out states.

Cannabis is Creeping up the U.S. Marijuana Index

Compare the above-mentioned revenue growth and increased growth predictions to the U.S. Marijuana Index and you will see a typical over-optimistic yearly run. The index started in January 2015 and was trading at 115 which is above where we are trading today, around 110. By February 2016 that index dropped to 23 which is exactly where the second-biggest drop bottomed in March of 2020. In that… Continue reading at Yahoo.com

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