4 Marijuana Stocks for the Cannabis ComebackPosted by On


Don’t call it comeback yet, but go ahead and take a peek at how cannabis stocks have performed over the past few months.

Cannabis leaf on dollar bill

Source: Shutterstock

OK, well, actually call it comeback. Because what these stocks have done since November is absolutely mind-boggling.

The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) – a collection of the world’s largest cannabis stocks – has more than doubled since Election Day 2020. That’s a 100%-plus rally in three months.

What’s going on?

The tide is turning in the marijuana industry, and the long overdue Pot Stock Boom that everyone expected to happen a few years back, is finally happening right now.

First, let’s get one thing clear: The global cannabis megatrend is all about legal developments.

-The demand is there. We know that. Just look at the black market for cannabis. That’s a roughly $70 BILLION industry in the U.S. alone – and a multi-hundred-billion-dollar industry globally. It’s growing, rapidly, as today’s high school and college students actually smoke weed about as often as they drink alcohol (whereas decades ago, alcohol consumption dominated weed consumption among young folks).

Demand for cannabis globally is enormous.

Thus, the cannabis megatrend isn’t about generating new demand for weed. It’s about transferring the already enormous demand for weed from the black market to the legal…

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Don’t call it comeback yet, but go ahead and take a peek at how cannabis stocks have performed over the past few months.

Cannabis leaf on dollar bill

Source: Shutterstock

OK, well, actually call it comeback. Because what these stocks have done since November is absolutely mind-boggling.

The ETFMG Alternative Harvest ETF (NYSEARCA:MJ) – a collection of the world’s largest cannabis stocks – has more than doubled since Election Day 2020. That’s a 100%-plus rally in three months.

What’s going on?

The tide is turning in the marijuana industry, and the long overdue Pot Stock Boom that everyone expected to happen a few years back, is finally happening right now.

First, let’s get one thing clear: The global cannabis megatrend is all about legal developments.

-The demand is there. We know that. Just look at the black market for cannabis. That’s a roughly $70 BILLION industry in the U.S. alone – and a multi-hundred-billion-dollar industry globally. It’s growing, rapidly, as today’s high school and college students actually smoke weed about as often as they drink alcohol (whereas decades ago, alcohol consumption dominated weed consumption among young folks).

Demand for cannabis globally is enormous.

Thus, the cannabis megatrend isn’t about generating new demand for weed. It’s about transferring the already enormous demand for weed from the black market to the legal…



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