3 Cannabis Stocks to Buy for a Potentially Huge ‘Blue Wave’ CatalystPosted by On


To put it frankly, cannabis stocks have been an utter disappointment over the past few years.

The nationwide legalization of weed in Canada in late 2018 was supposed to be a critical inflection point for the entire cannabis industry. Throughout 2019 and 2020, the legal Canadian cannabis market was supposed to boom on the back of huge and growing demand, and that success was supposed to make it easy for U.S. and other developed nations to subsequently legalize cannabis and start their own “pot booms”.

But none of that happened.

Instead, Canada stumbled out of the gates, and potential U.S. legalization got delayed multiple times.

Cannabis stocks, naturally, boomed in late 2018, and have been on a downward spiral ever since. The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) — the largest and oldest cannabis ETF — almost doubled in late 2018 to over $45. Ever since, it has lost more than 75% of it value, clocking in most recently around $11.50.

But there’s reason to…

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