medical marijuana stock – Benzinga

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Why active managers are getting revenge, pot stocks hot again, and an all-new model dividend portfolio – The Globe and Mail

Bob Farrell was a revered former strategist at Merrill lynch and his Ten Rules of Investing still influence modern day professional investors. One of these rules, “When all the experts agree — something else is going to happen” now applies to the debate active versus passive investing strategies.

In an October 3 research report, Merrill Lynch’s current chief quantitative strategist Savita Subramanian recently noted that 54 per cent of active U.S. fund managers were beating their benchmarks so far in 2017, “the highest hit rate at this time of the year in our data history going back to 2009.”

How can this be true? Didn’t we agree that all active fund managers are flailing, overpaid morons?

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The truth remains that passive, broad index-based investing is the best option for the majority of investors over the long term – all of the credible research shows that. But, it is also important to note that the relative performance of active and passive investing strategies is cyclical, and we might be entering a market environment where active managers have a better chance to beat the index.

The past few years have seen the U.S. market driven in large part by the FANG stocks – Facebook Inc., Amazon.com , Netflix Inc and Google parent company Alphabet Inc. In these circumstances, it is almost impossible for portfolio managers to beat the benchmark.

In markets driven by a small number of companies their stocks inevitably become expensive, as Amazon.com’s price to earnings ratio of 244 times underscores. In the interests of managing portfolio risk, very few fund managers are willing to hold marketweight positions in stocks when they are that overvalued. So they hold an underweight (or no) position in Amazon that almost guarantees the fund

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Bank of Montreal and Toronto-Dominion Lead Peers in Pot Accounts – Bloomberg

Bank of Montreal and Toronto-Dominion Bank are emerging as the banks of choice for Canada’s burgeoning marijuana industry, even as some lenders shun the sector.

With less than a year to go before Canada plans to legalize recreational pot in July, and 16 years after making it legal for medical use, Bank of Montreal and Toronto-Dominion are providing business accounts to at least 21 cannabis companies, according to interviews with 45 firms tied to the drug. Alterna Savings and Credit Union Ltd. is top among co-operative lenders.

Canadian banks are warming to an industry avoided by banks in the U.S., where marijuana is outlawed federally. Most U.S. banks have refused to do business with pot companies to avoid accusations of money laundering and other criminal violations that could bring jail time.

Canada’s recreational pot sales are forecast to reach C$6 billion ($4.8 billion) by 2021, surpassing the C$1.3 billion estimate for the mature medical marijuana market. Ontario’s government is already forging ahead with plans to set up its own weed stores, though using the drug for pleasure still carries a social stigma in many circles.

“Different lenders have been quicker than others to move into this industry, but this is understandable as public perceptions are still evolving,” Basem Hanna, chief executive officer of Mississauga, Ontario-based TerrAscend Corp. said by email. “There could be a significant first-mover advantage to the financial institutions that are getting involved with the legal cannabis industry already.”

Bank of Montreal provides accounts to at least a dozen companies, including Aphria Inc., CannTrust Holdings Inc., and Invictus MD Strategies Corp., as well as investment firms Cannabis Wheaton Income Corp. and CannaRoyalty Corp.

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“We provide deposit accounts and related services to businesses operating legally within this emerging sector on a case-by-case basis,” spokesman Paul Gammal said in an email. “We will continue

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Why pot stocks in Canada are suddenly hot again – The Globe and Mail

Investors are once again bullish on cannabis stocks as governments unveil measures that move Canada closer to legalizing recreational marijuana.

Prime Minister Justin Trudeau is proposing a 10-per-cent federal tax on recreational cannabis and says Ottawa will split the expected new revenue 50-50 with the provinces. Alberta announced a draft framework for how it would handle legalized marijuana in the province on Wednesday, which comes weeks after Ontario unveiled its own plans. New Brunswick recently set up a Crown corporation to oversee the sale of recreational marijuana and signed deals with two suppliers.

Ottawa’s 10-per-cent tax proposal came in lower than some analysts expected, and is well less than what’s levied in most U.S. states where pot is legal for recreational use.

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While a lower tax is beneficial for licensed Canadian producers because it’s competitive with the black market Ottawa is trying to stamp out, analysts say it’s the certainty the tax proposal suggests that has investors snapping up more shares of marijuana companies.

“Stocks are responding to the bigger picture – a bit more certainty as to how the market will look once it is legalized,” Echelon Wealth Partners analyst Russell Stanley said.

“Now investors can focus on what individual companies can produce in a legal market, rather than wondering what the market is going to look like,” Mr. Stanley said. “It’s that reduction of uncertainty that the market likes.”

Shares of Canopy Growth Corp., Canada’s largest marijuana producer, closed up 4 per cent on Wednesday. Other large producers also saw increases including Aphria Inc. and Aurora Cannabis Inc., which saw their shares rise 2.5 per cent and 2.1 per cent, respectively. The Horizons Marijuana Life Sciences Index ETF, Canada’s first cannabis ETF, was up 2.6 per cent.

Beacon

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Best Cheap Marijuana Stocks to Buy Right Now – Library For Smart Investors

Marijuana or Cannabis is getting popularity around the world, mainly because of its proven health benefits. Marijuana is reportedly one of the best treatments for chronic pains, arthritis, ADHD, Autism, nausea and several other major medical problems. Canada has legalized marijuana. Several countries in Europe are on the path of legalizing pot for medical and recreational use. According to an estimate, global marijuana market value will surpass $50 billion by 2026. Here are the best marijuana stocks to buy right now if you want to get rich on the back of the magical green leaf boom.

GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH)

GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) is a UK based cannabis company whose stock has high chances to soar in the coming quarter. The company is set to submit an application for a regulatory approval in the US for its cannabidiol Epidiolex which is used for the treatment of Dravet syndrome and Lennox-Gastaut syndrome. The company also plans to seek an approval for the same drug in Europe by the end of this year. The biggest concern regarding Epidiolex is high chances of drug-drug interactions, which surfaced back in 2016. But GW’s CEO Justin Gover recently shot down all of these concerns and answered all of the investors’ questions at Morgan Stanley healthcare conference earlier this month.

Aurora Cannabis (TSE:ACB)

Aurora Cannabis Inc is one of the hottest pot stocks of 2017. In June, Aurora announced that it had 16,000 registered patients. The company recently launched edible Cannabis oil products, which will give it a sales boost and help improve margins. Aurora is also establishing itself in Europe. Pedanios GmbH, an Aurora subsidiary, recently passed its first step to become a registered medical-cannabis maker Germany. On September 26, Aurora posted fourth quarter revenue of $5.94 million. The company is also building a greenhouse in

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