The last week shaped up to be a historic one for the cannabis industry.  But as impressive as last week was, this week is shaping up to be even bigger. That’s because you can bank on one recurring situation that inspires the titans of industries to try and outdo each other.  Here’s what I’m talking about…

The last week shaped up to be a historic one for the cannabis industry.

  • The biggest critic of legalizing cannabis, U.S. Attorney General Jeff Sessions – announced his resignation under heavy pressure from President Donald Trump.
  • Voters in three states – red-state strongholds Utah and Missouri as well as populous swing state Michigan – ushered in medical or recreational cannabis to millions of people during the Midterm elections.
  • One of cannabis’ few U.S.-based blue-chippers, MedMen Inc. raised $120 million in new financing.
  • The breakthrough pharmaceutical Epidiolex, the first cannabis-based drug approved by the U.S. Food and Drug Administration, made its commercial debut.
  • And Mexico‘s Supreme Court ruled that authorities in the nation could not prohibit people from growing and consuming cannabis.

But as impressive as last week was, this week is shaping up to be even bigger.

That’s because you can bank on one recurring situation that inspires the titans of industries to try and outdo each other.

Here’s what I’m talking about…

The Cannabis Industry’s Best Are About to Set a Record

The fact that we’re in for another huge week shouldn’t be surprising. Again, this is the most exciting and fast-moving industry in the world, bar none.

But there’s a particularly strong buzz building for this coming week.  It’s because, for the next several days, a who’s who of the cannabis business will be in one place: Las Vegas.

That’s where MJBizCon is taking place starting mid-week.

It’s slated to be the largest cannabis conference in the world, breaking its own record.

Members of my National Institute for Cannabis Investors team and I are getting ready to head out there ourselves right now.

We’re about to see an explosion of new cannabis IPOs. And for smart investors who get in on IPO day, the gains can be incredible. We’re talking about the potential for each of these stocks to soar 200%, 500%, 1,000% or more, practically overnight. And today, we’ve uncovered two potentially explosive IPOs that could take any day now that you can’t afford to miss out on. Just click here to find out more.

For my part, I’ll be meeting with the CEOs of the largest companies in the industry and with smartest entrepreneurs who continue to bring new ideas to this young industry.

And anytime you get the most important people from the cannabis industry together in one place, someone is going to try to “steal the show” with something massive, something industry-changing.

NICI has seen this live and in-person before, most recently just a few months ago.

At the Lift: Toronto conference in August, people were just starting to get their morning coffee on Day 1 when Canopy Growth Corp. turned the industry on its ear. That’s when Canopy announced its deal with the massive Constellation Brands, the parent company of Corona beer and Robert Mondavi wines among others, to the tune of $3.8 billion.

In a moment, everything in cannabis was different.

Since then, analysts have closely tracked any possible ties and meetings between cannabis executives and those from Big Alcohol, Big Tobacco, and more mainstream industries.

Even Coca-Cola Corp. was soon kicking the tires of top-5 Canadian producer Aurora Cannabis about potentially creating a CBD-based beverage. No cannabis industry deal with Coke has come to fruition therein – not yet.

So, of course, the NICI team will be keeping my eyes and ears open – because everyone wants to make a splash at events like this.

But that’s not the only thing we’re going to be watching closely…

What the Biggest Players Are Saying

The biggest cannabis companies in the world will be unveiling their latest quarterly earnings this week.

Cronos Group is up tomorrow.

Tilray Inc. and Canopy will follow tomorrow.

This all comes after Aurora Cannabis Inc. hit the street today.

Trending: John Boehner Reveals Why He’s “All In” on Cannabis

I wouldn’t recommend getting too worried about the numbers, good or bad, this round.

Frankly, the legalization of adult use cannabis in Canada essentially hit the reset button on October 17.

These numbers are all from the quarter before that.

They’re not meaningless, of course.

But the numbers that come out three months from now will be significantly more important.

What matters most within the reports this time are the anecdotal tidbits.

What the CEOs are saying about what’s happening and where the companies are looking will be much more important.

There also could be some pretty big claims.

For example, Aurora noted that it shipped nearly 30% of all the cannabis that the federally regulated stores have been able to sell over the last four weeks.

That’s a big claim – considering only Canopy Growth was predicted to get close to such a market share in estimates as recent as a month ago – and it will take some time to see how reliable that information is.

Either way, there’s a chance for the companies who have been the pacesetters for the industry over the last year to move the needle.

And our NICI metric tracking the 50 biggest companies in the space, the NICI 50 Cannabis Index, will be well worth watching this week.

It’s one of three indices the Institute has launched – along with the  NICI U.S. Cannabis Index and the NICI Wellness Index.

In fact, I’ll make sure to go into more details about how and why we created these proprietary indices for you tomorrow.

Thanks for being an important part of the National Institute for Cannabis Investors,

Greg Miller
Executive Director, National Institute for Cannabis Investors

PS: The prohibition of cannabis is quickly becoming a thing of the past in modern America. But within this million-dollar opportunity also lies nearly a million different hitters in the game – making it nearly impossible to identify the winners from the wannabes. That’s why we’ve done the heavy lifting for you – and narrowed it down to four pot stocks with MASSIVE upward potential. To check out these runaway pot stocks for yourself, just click here.


Comments

2 responses to “Here’s Why the Biggest Names in Cannabis Will Try to Outshine Each Other This Week”

  1. I’m looking for the above pot stocks you are recommending but can’t find them.
    Would someone please show me the way to get them before it’s too late
    Thank you

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