This week, Executive Director Greg Miller answers member questions about what’s going to happen after the Canadian elections, what to do when you can’t act on a recommendation right away, and more.
Welcome to another installment of our weekly member Q&A.
We had quite the week here at the National Institute for Cannabis Investors, with several reports on earnings results, a brand new IPO I recommended to members of The Cannabis IPO Insider, and a cool 120%+ gain for many of our Cannabis Investor’s Report members.
And I want to make sure you know we’re only just getting started. With legalization efforts in full force, the cannabis markets are on the verge of an explosion, and I don’t expect the wave of IPOs to slow down anytime soon.
Our job at the Institute is to help you navigate these markets so you’re in the best position to make massive profits. As I continue to make recommendations for our readers, I want to make sure everyone knows how best to take advantage of my advice.
So I’m glad Margo left us a comment, because she’s encountered a difficulty I’m sure many of our members have faced.
Margo H. writes in to say: “I don’t always have the opportunity to buy shares you recommend at a certain price right away. When I do get into it (usually a day or so later) I find that the price per share has increased and then I don’t know what to do. Can you give some guidance on why you recommend a specific price and is it too late to buy in if the share price has increased?”
Hi, Margo. Thanks for the question – it’s a really good one, because it also applies to new members who might first see a recommendation long after I’ve made it. I put those maximum prices on my trade recommendations to protect us from ourselves. The Institute is becoming a large and powerful group of investors – we have over 50,000 members in Cannabis Investor’s Report alone. And when a group that large starts buying a stock at the same time, members can compete with each other. I put those limits in as part of helping you become smart, patient, and tough traders.
Often times waiting a few minutes, a few hours, or even a few days can save investors thousands of dollars entering a trade. For people who read the reports later, the price might be higher, but it’s unlikely to be because your fellow members are buying. Whether to actually buy at that higher price is an individual investment decision I can’t help you with, but I can say that as long as the portfolio says “Buy,” I think the stock is going higher.
Be sure to check back next week, when I’ll share more insights into my investing philosophy. But for now, here’s a question we had about one of the biggest announcements we’ve seen yet in cannabis retail:
Fred T. says: “Disappointed CVS is not selling CBD in FL. Do you know why the CVS pharmacy told me FL law prevents it??”
Fred, you’ve opened a can of worms with this question! Florida law is actually unclear on the status of hemp CBD right now. Some regulators state that legislation is necessary to clear retail sales of CBD – others disagree. And many stores are selling CBD right now in Florida. But companies like CVS and Walgreens are not risk-takers when it comes to their products’ legality. They’ve got too much on the line.
I suspect that Florida will clear up the ambiguity this summer – as Texas just did yesterday – and I don’t think it will take lawsuits to do it. But the big chains will almost certainly wait until they have that clarity before they move CBD products into their stores.
In the meantime, you can do two things. First, you can buy a trusted CBD brand elsewhere. Two companies in the Cannabis Investor’s Report model portfolio sell CBD online to Florida residents. If you prefer to buy in a local store, one particular brand is already available in many stores in the Sunshine State. That brand is about to be acquired by a third company our Cannabis Investor’s Report members are very familiar with. Make sure you know how to get in on the game.
Second, you can contact your elected officials. Tell them you’re an investor and a CBD user and you’d like Florida to make things clearer for everyone. These officials work for you, and the best way you can make sure they keep working with your interests in mind is to make sure you’re heard. Click here to learn how to contact your Florida officials.
Speaking of elected officials…
Larry P. wonders: “If Canada elects a conservative P.M., could this have a negative effect on the cannabis industry?”
Thanks for the question, Larry. The answer is that it’s a possibility, but not a likely one, and even if it does have a negative effect, it’s not likely to be as severe as you might think. Conservative Party leader Andrew Scheer made it clear that Conservatives in Canada “recognize the reality now.” So reversing recreational use is something that clearly does not interest the party.
It’s possible that a Conservative government might want more restrictive laws on packaging, edibles, vaping, or other aspects. But it’s also possible that they may actually liberalize some of those things. For example, when Conservatives led by Doug Ford took control of Ontario’s government from the Liberals, the incoming leadership decided to allow privately-owned dispensaries, where the Liberals had wanted a small number of government-owned dispensaries.
Whatever happens after Canada’s October elections, you can count on the Institute to break down everything you need to know.
If you have any questions, please leave a comment on this or any other story! We might not have time to respond to everyone’s questions, but rest assured that we do read everything our members write in.
As I’ve said before, it’s your level of participation that sets the National Institute for Cannabis Investors apart from any other service.
Keep in touch.
Executive Director, National Institute for Cannabis Investors
16 responses to “Q&A: What If I Can’t Act on an Alert Immediately?”
April 06 2019