Print the page
Increase font size
Marijuana Stocks: Market-Beating Mojo

Posted May 26, 2021

Aaron Gentzler

By Aaron Gentzler

Marijuana Stocks: Market-Beating Mojo

Marijuana stocks are coming in hot this year with upward momentum from strong revenue.

In fact year-over-year, while the S&P 500 Index gained 40% -- not shabby, right? -- that pales in comparison to some cannabis stocks…

spx

Source: StockCharts

The black line near the bottom, indicating the S&P 500, appears to have flatlined when you consider stocks including…

●      GrowGeneration Corp (Nasdaq: GRWG): up 566%

●      HEXO (NYSE: HEXO): up 197%

●      Innovative Industrial Properties Inc (NYSE: IIPR): up 125%

And the forecast for the marijuana industry remains promising… particularly as U.S. lawmakers advocate for federal legalization.

Send your opinions to, therundown@email.stpaulresearch.com.

Your Rundown for Wednesday, May 26, 2021...

Outlook for Federal Legalization…

“More Republicans are now favoring — and even sponsoring — cannabis reform legislation in the Senate,” says our pot stock authority Ray Blanco.

“Maine’s Sen. Susan Collins has at least signaled a strong shift from her previous position by co-sponsoring the Secure and Fair Enforcement Banking Act this month,” he notes. “In the House, Republicans are starting to change their tune also.

“Two Republican representatives want to make sure veterans have access to legal cannabis and are sponsoring a bill that would remove cannabis from the scheduled substances list created by the Controlled Substances Act.

“At the state level, Louisiana, Montana and Texas have all passed important cannabis legislation.

“Last month, Louisiana’s House approved a legalization bill in committee that would allow adult recreational use,” Ray says, as well as create a permitted path for individual adults to grow up to six plants for personal use.

Likewise, “Montana… passed a bill through its House legalizing recreational marijuana. The House will revote on the bill with added amendments from the state Senate.

“In Texas, the state House voted to expand medical marijuana provisions and decriminalize the plant,” says Ray. “They added additional health indications like PTSD, chronic pain and cancer as acceptable for getting a cannabis prescription.”

Ray’s takeaway? As state after state legalizes medical and/or recreational marijuana, and “with bipartisan support building,” Ray says, “federal reform looks more and more likely.”

Market Rundown for Wednesday, May 26, 2021

The S&P 500 is static at 4,186.

Oil’s down 42 cents to $65.65 for a barrel of West Texas crude.

Gold is up $3.40 to $1,901.30 per ounce.

Bitcoin’s up $1,306.43 to $38,976.

Send your comments and questions to, therundown@email.stpaulresearch.com.

Check back for more Friday; until then, take care…

For The Rundown,

Aaron Gentzler

Aaron Gentzler
Editor, The Rundown
TheRundownFeedback@StPaulResearch.com

$1,000 Sign Up Bonus To Work Part-Time at an Arcade

Posted June 18, 2021

By Aaron Gentzler

Today we take a look at Ford’s recent run of good fortune and forecast what could come next for the stock. We also feature a reader letter about wages and the free market.
A Meme Stock ETF

A Meme Stock ETF

Posted June 16, 2021

By Aaron Gentzler

We think an ETF pegged exclusively to meme stocks must be in the works. We’re calling it now…

Novavax: Competitive Advantages ‘Boost’ Profits

Posted June 14, 2021

By Aaron Gentzler

Novavax announced its Covid-19 vaccine… So what’s next for the Maryland-based biotech company?
Make America Competitive Again

Make America Competitive Again

Posted June 11, 2021

The Senate passed the U.S. Innovation and Competition Act (USICA). The bill aspires to make America competitive again… and takes aim at China.
Biogen Breaks Through 5-Year Stalemate

Biogen Breaks Through 5-Year Stalemate

Posted June 09, 2021

“This could be a key moment for the biotech sector,” says our chief market analyst Greg Guenthner.
Small Business Taxed for Pandemic Shortfalls

Small Business Taxed for Pandemic Shortfalls

Posted June 07, 2021

By Aaron Gentzler

Small businesses -- hanging on by a thread -- are being taxed for pandemic shortfalls…