- InvestorPlace
High Hopes: Could 4/20 Light Up a Cannabis Stock Rally?
With April 20 approaching (a notable cannabis celebration indeed), thoughts may turn to investing in marijuana stocks. However, beyond the symbolic date, imminent catalysts could drive significant growth in this sector for speculators and those wishing well on the providers of sticky icky turning higher. This election year, as President Joe Biden addresses discontent among young voters, advocating for student debt forgiveness and cannabis law liberalization, bipartisan support for cannabis refor
- InvestorPlace
Wall Street Favorites: 3 Cannabis Stocks with Strong Buy Ratings for April 2024
Cannabis stocks could see higher highs. All thanks to recent legalization in Germany, the addition of a cannabis vote in Florida, growing approval ratings in polls, and speculation it could be favorably mentioned in the election. According to the Pew Research Center, about nine in 10 Americans (88%) said that cannabis should be legal for medical or recreational use. About 57% said cannabis should be legal for both medical and recreational use. About 32% said it should just be legal for medical u
- InvestorPlace
Wall Street’s Favorite Cannabis Stocks? 3 Names That Could Make You Filthy Rich
If you’re looking for Wall Street’s favorite cannabis stocks, you’re most likely to find them amongst the holdings of the AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS), the largest U.S.-listed cannabis exchange traded fund (ETF). MSOS is an actively managed ETF with just under $1 billion in net assets. Its net assets are more than four times those of the next largest fund, Amplify Alternative Harvest ETF (NYSEARCA:MJ), with $243 million in net assets. If you’ve held MSOS since its launch in
