In the fall of 1996, California voters passed Proposition 215, a landmark piece of legislation that made medical marijuana legal across the state. It was the first law in the country making marijuana legal on the state level, and it reversed decades of precedent in the United States. Fast forward to early 2018 and 30 states had legalized medical marijuana and nine had … [Read more...] about Now is the Time to Invest in Marijuana Stocks
TORONTO—Shannon Soqui just quit his Wall Street job to go after what he thinks is a bigger business: selling marijuana the way Mary Kay Inc. sells cosmetics. The 51-year-old banker wants to focus on Qind, his San Francisco startup that organizes home parties to sell cannabis products, to get a piece of what he says could sprout into a $100 billion annual business in the … [Read more...] about Wall Street’s Marijuana Madness: ‘It’s Like the Internet in 1997’
Coca-Cola (NYSE:KO) could be interested in developing drinks infused with CBD, the non-psychoactive ingredient in marijuana that treats pain but doesn't get users high. The beverage maker is in talks with Canadian marijuana producer Aurora Cannabis (NASDAQOTH:ACBFF) to develop the drink, according to Bloomberg. Shares of Aurora surged after the news, but Coca-Cola shares … [Read more...] about Don’t Get Too Excited About Coca-Cola’s “Cannabis Drink” Buzz
The market for cannabis stocks is quite tumultuous and difficult to navigate. But just a year ago, options for ordinary retail investors were extremely limited; there were no ETFs to invest in, and most stocks were listed in Canada. But now, we have many choices as money has poured into stocks and funds in anticipation of Canada’s pending legalization of recreational cannabis … [Read more...] about Investments In The Booming Marijuana Sector, But Should You Dive In?