Explosive industry stats prove the profits have only just begun…

Cannabis stock prices reflect investor behavior, not company performance. That much has been made clear over the last several months.

And a short-term market trend certainly does not reflect the long-term moneymaking potential for cannabis investors.

Because despite stock prices dropping, the top-performing cannabis companies released record-breaking earnings reports for the second quarter of 2021. Subscribers to NICI Membership can click here to read more about those results. (Not a member? Click here to join.)

Then last week, when cannabis analytics firm New Frontier Data released its annual report on the state of the cannabis industry, we saw equally record-breaking statistics about the growth of the industry as a whole.

We’re talking numbers to the tune of half-a-trillion dollars spent on cannabis globally in 2020 between both legal and illegal sources.

And that’s just a taste of what this report revealed.

The fact is that regardless of temporary dips in stock prices, the cannabis industry is growing leaps and bounds with no sign of slowing down.

To show you all the growth still in store for you, I’m breaking down eight of the most enlightening facts that prove you’re in the right place at the right time as a cannabis investor…

But before I go, have you seen my newest episode of Office Hours? I dove into whether or not I still think Jushi Holdings Inc. (OTC: JUSHF) is still a good investment, plus more answers to viewers’ hard-hitting questions. Click here to watch.

To your investing success,


Danny Brody
Executive Director, National Institute for Cannabis Investors


Comments

3 responses to “The State of the Cannabis Industry: 8 Reasons Why Your Pot Stocks Are Nowhere Near Done Making You Money”

  1. Hi Danny, It seems a lot of our pot stocks have taken a dive since the peak earlier this year. With the recent sell off in the broader market. Pot stocks didn’t budge. Looks to me like we might be basing now regardless of what the rest of the market is doing. Not to be captain obvious here, but is that more or less what you are seeing? Or do you think if we get a larger correction of 10-20%, would you expect to see that put a major drag on pot stocks? Or do they remain resilient? I know. No one knows for sure. But certainly looks like they have taken the beating the rest of the market will catch up with soon enough

  2. Is the acquisition of Harvest & Rec by Trulieve still going on & what share price does a stock holder get for the Harvest & Rec shares? When does it go into effect?

    • Hi Douglas,

      With mergers and acquisitions, there are a lack of updates from the companies, but that’s not a bad thing. You may only hear news if there was an issue or something went wrong, so the acquisition still appears to be on track. For every Harvest share, Harvest shareholders will receive 0.1170 of a Trulieve share.

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