Pot Stocks Are Divided by Geography
There’s a tendency to clump the entire marijuana industry together, treating all cannabis stocks as discrete parts of a greater whole. And there’s some reason for that. Since the beginning of the legal pot industry, marijuana stocks have, more or less, followed similar trends.
Which isn’t to say that all pot stocks perform exactly the same, but it has meant that, in general, the market tended to push all cannabis stocks in one direction or the other.
Now, however, things have changed, and understanding that change is the key to profiting from marijuana stocks in 2021.
In order for me to make my case, take a look at the following two charts.
Chart courtesy of StockCharts.com
The above chart shows the performance of Canadian pot stocks Canopy Growth Corp (NYSE:CGC), Aurora Cannabis Inc (NYSE:ACB), and Aphria Inc (NASDAQ:APHA).
As you can see, they’ve generally followed very similar trajectories, with the main difference being one of degree.
The below chart details the performance of Innovative Industrial Properties Inc (NYSE:IIPR) and Curaleaf Holdings Inc (CNSX:CURA, OTCMKTS:CURLF), and their trajectories have been rather different than those of the three cannabis stocks above.
Chart courtesy of StockCharts.com
So what separates these two groups of marijuana stocks? Their companies’ addresses.
The first…
Original Author Link click here to read complete story..
Pot Stocks Are Divided by Geography
There’s a tendency to clump the entire marijuana industry together, treating all cannabis stocks as discrete parts of a greater whole. And there’s some reason for that. Since the beginning of the legal pot industry, marijuana stocks have, more or less, followed similar trends.
Which isn’t to say that all pot stocks perform exactly the same, but it has meant that, in general, the market tended to push all cannabis stocks in one direction or the other.
Now, however, things have changed, and understanding that change is the key to profiting from marijuana stocks in 2021.
In order for me to make my case, take a look at the following two charts.
Chart courtesy of StockCharts.com
The above chart shows the performance of Canadian pot stocks Canopy Growth Corp (NYSE:CGC), Aurora Cannabis Inc (NYSE:ACB), and Aphria Inc (NASDAQ:APHA).
As you can see, they’ve generally followed very similar trajectories, with the main difference being one of degree.
The below chart details the performance of Innovative Industrial Properties Inc (NYSE:IIPR) and Curaleaf Holdings Inc (CNSX:CURA, OTCMKTS:CURLF), and their trajectories have been rather different than those of the three cannabis stocks above.
Chart courtesy of StockCharts.com
So what separates these two groups of marijuana stocks? Their companies’ addresses.
The first…
