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The cannabis industry’s growth is expected to more than double in the next five years or so — and now is the time to invest!
With more and more states decriminalizing and legalizing cannabis, the opportunities in this sector have just begun.
Recently, cannabis stocks that trade on the U.S. stock market rose after Democratic vice presidential candidate Kamala Harris announced the plan to decriminalize marijuana.
Even though it’s been down the past year-plus, does that mean now is the time to invest in cannabis?
Everything is dependent on China, tariffs and currency wars, which means there’s no reason why you should be thinking about or looking at the SPX.
And here’s why…
You wake up one morning and there’s good Apple news or even China news and the S&P 500 hits 3,000. Then the next day, there’s negative news and the S&P pullsback to 2,859.
And where will it go tomorrow?
I don’t know, but what I do know is that you’re dependent on the overall market direction.
You’re playing after the market — you’re dependent on whether the S&P goes up or down. And when there’s overnight news, you can’t prepare for that.
However, you can prepare yourself for the future by investing in cannabis due to the massive amount of short interest since few people are talking about it right now after a down year.
For example, Canopy Growth Corp (NYSE: CGC) moves an average of 7% weekly compared to the S&P 500, which moves less than 3% per week.
You’re not going to have an S&P 500 stock like Apple Inc. (Nasdaq: AAPL), Amazon.com Inc. (Nasdaq: AMZN) or Netflix Inc. (Nasdaq: NFLX) experience these types of moves unless it’s earnings or major positive news.
But by trading cannabis stocks, you have the opportunity to catch double-digit gains most weeks.
Additionally, cannabis stocks have high short interest, and if you’re a day trader you can take advantage of that opportunity.
For instance, Aphria Inc. (Nasdaq: APHA) experienced a short squeeze last year that increased its share price by 40%.
Lately, cannabis stocks are rallying higher and have gone up since the market sell-off.
I’ve had consistent days where I see cannabis stocks that are up 10%, 15% and even 20% — while my S&P 500 stocks are down by 2% to 3%.
If you want to take advantage of these actionable trades, then start trading cannabis stocks today — and if you don’t, comment down below why you wouldn’t invest in cannabis. I’d love to hear your thoughts!
P.S. Chances are, you’re missing out on the #1 easiest way to profit from stocks in 2020.
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