Marijuana Stock News: What Today Means for Marijuana Stocks 2018 – Profit Confidential

Credit:iStock.com/OlyaSolodenko Marijuana Stock News

The marijuana stock market is a constantly updating, evolving beast. There’s so much going on day to day in terms of marijuana stock news that it feels like you can’t even keep up sometimes. Because unlike other industries, marijuana stock news is only half about pot stocks, with the other half firmly focused on the political side of one of the most controversial drug movements around: U.S. weed legalization.

So when it comes to pot stocks, they can be some of the more taxing investment opportunities around, even if their potential payoff may warrant that extra legwork on the investor’s part. It’s one of the reasons I like writing about weed stocks so much—I get to combine my passion for politics with my interest in finance and help everyday investors make the right moves in the market by seeing what’s ahead over the horizon.

Since I’ll be going on vacation for a little bit and I do love to keep everyone up to date, let’s take a look at some the biggest news stories that have taken place in the marijuana stock market (there are a lot) and then we’ll talk a bit about where I see marijuana stocks 2018 going. We’ll take the current lay of the land and combine it with a projection of the future, so to speak.

U.S. Weed Legalization

No single event in my mind would have a more profound effect on the marijuana stock market than a total U.S. weed legalization policy put in place by the government. While we’re still long ways away from that, even if the majority of Americans have come out in support of legal marijuana, there are some promising signs that point towards a green future.

Also ReadStates Where Marijuana Is Likely to Be Legalized and How

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TMX says lower trading volume mostly due to avoidance of pot stocks – Nasdaq

Reuters

TORONTO, Aug 10 (Reuters) – TMX Group Ltd’s CEO on Thursday brushed off signs that the grip of Canada’s dominant stock exchange operator on overall trading volumes was slipping, saying recent market share losses were mostly due to its rejection of certain listings.

TMX has shied away from listing marijuana-related companies with U.S. investments or operations, so many of them have turned instead to the smaller Canadian Securities Exchange, or CSE.

TMX is wary of legal liability as more U.S. states legalize the drug while it remains illegal under federal U.S. law, industry participants and analysts say.

Meanwhile, CSE’s share rose to 7.9 percent in July from 6.4 percent in June and 2.9 percent a year earlier, the data showed.

“The bulk by far of that is coming from the additional listings on CSE, for the record, most of which would not qualify to be on our venues,” TMX Chief Executive Officer Lou Eccleston said on a call with analysts.

One such company is CannTrust, a medical marijuana producer that has licensed a cannabis-infused single-serve coffee and tea product for U.S. markets and plans to list on CSE next week.

He said U.S.-based Nasdaq and local rival Aequitas, which both began operating Canadian venues in recent years, did not appear to have been a factor, but added that volumes were also hurt by growing traffic on Match Now, a dark pool alternative trading system.

Eccleston said the TMX expected to start a dark pool venue, which allows big players to place and match buy-and-sell orders anonymously to avoid tipping off rivals and moving share prices, in the fourth quarter to address that demand.

Nasdaq’s share of trading volume was 15.7 percent in July, up from 14.9 in June and 14.6 percent a year earlier. Aequitas’ share rose

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TMX says lower trading volume mostly due to avoidance of pot stocks – Reuters

TORONTO, Aug 10 (Reuters) – TMX Group Ltd’s CEO on Thursday brushed off signs that the grip of Canada’s dominant stock exchange operator on overall trading volumes was slipping, saying recent market share losses were mostly due to its rejection of certain listings.

TMX has shied away from listing marijuana-related companies with U.S. investments or operations, so many of them have turned instead to the smaller Canadian Securities Exchange, or CSE.

TMX is wary of legal liability as more U.S. states legalize the drug while it remains illegal under federal U.S. law, industry participants and analysts say.

July data from industry body IIROC shows the market share in Canada of TMX’s main Toronto Stock Exchange and its junior TSX Venture Exchange slipped to 54.8 percent from 57.5 percent in June. It had 61.9 percent of all trading volume a year earlier.

Meanwhile, CSE’s share rose to 7.9 percent in July from 6.4 percent in June and 2.9 percent a year earlier, the data showed.

“The bulk by far of that is coming from the additional listings on CSE, for the record, most of which would not qualify to be on our venues,” TMX Chief Executive Officer Lou Eccleston said on a call with analysts.

One such company is CannTrust, a medical marijuana producer that has licensed a cannabis-infused single-serve coffee and tea product for U.S. markets and plans to list on CSE next week.

He said U.S.-based Nasdaq and local rival Aequitas, which both began operating Canadian venues in recent years, did not appear to have been a factor, but added that volumes were also hurt by growing traffic on Match Now, a dark pool alternative trading system.

Eccleston said the TMX expected to start a dark pool venue, which allows

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Do Marijuana Stocks Pay Dividends? – Money Morning

The majority of marijuana stocks are penny stocks that don’t pay dividends, as cannabis companies need to use all of their revenue to build their businesses. However, we’ve found two multibillion-dollar companies that are becoming essential to the marijuana industry without ever selling a plant…

And both companies pay dividends with yields over 2%.

Over the last 12 months, one of these stocks has climbed 16.85%, and the other has climbed 23.96%. In comparison, the Dow Jones Industrial Average is up 18.82%.

Yes, we know that may not sound impressive at first. But these are multibillion-dollar companies flying under the radar in the cannabis industry. That means you get exposure to the marijuana market without the risk associated with penny stocks, plus you get the dividend payouts.

And over the last 20 years, shareholders who reinvested the dividends in these stocks have booked triple-digit returns as large as 886%.

If you missed out on those gains, that’s okay. These triple-digit winners are expected to keep growing as they enter the marijuana industry, and shareholders who reinvest their dividends will make even more money…

How Two Marijuana Stocks with Dividends Climbed Over 500%

If you invested $10,000 on Dec. 31, 1997, in the first stock we’re about to talk about and didn’t reinvest the dividend, your shares would be worth $53,146.11 as of Aug. 9, 2017.

However, with dividend reinvestments, you would have netted a return of $66,718.25. That’s an extra $13,572.14 in your account and an overall gain of 567% from your original investment.

And the returns of the second stock have been even more staggering…

The Best Pot Stocks: After months of research, we’ve found the most lucrative and fastest-growing legal pot stocks in America. And

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Q&A: Canada tries trading marijuana in new ETF – Reuters

NEW YORK (Reuters) – You can smoke it or eat it, and now in Canada, you can trade it in your stock portfolio.

The $120 million Horizons Marijuana Life Sciences ETF (HMMJ.TO) – the first exchange traded fund in North America that focuses on the legal marijuana market – launched in April on the Toronto Stock Exchange. There are no U.S. competitors, at least initially, as federal law prohibits the drug, making it difficult to set up a fund.

Canada is on track to legalize recreational marijuana by July 2018 after the government put forward legislation in April that will allow it to regulate production but leaves the details of how the drug will be sold up to the provinces.

At least one detail of the new ETF has already changed: in June, its Canadian-based fund sponsor dropped “medical” from the fund’s name in anticipation that recreational marijuana will soon be legal in Canada.

With positions including marijuana grower Aurora Cannabis Inc (ACB.TO), medical marijuana companies such as GW Pharmaceuticals Plc (GWPRF.PK), and fertilizer company Scotts Miracle-Gro Co (SMG.N), the fund attempts to capture the full extent of the Canadian marijuana industry, which Deloitte expects could grow to $22.6 billion if the recent bill to legalize recreational use is successful.

Reuters spoke with Horizons Exchange Traded Funds President and Co-Chief Executive Officer Steve Hawkins recently about what is next for the firm’s marijuana ETF.

Q: With few pure plays for medical or recreational marijuana, how do you decide what goes into the fund?

A: We didn’t want to make this one actively managed, even though we are the biggest provider of actively managed ETFs in Canada. This is more index-rules based. It’s a very new and growing industry and we expect to

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