Weekly Roundup: Review, Forecast for Marijuana Stocks – Profit Confidential

iStock.com/ OlyaSolodenko Marijuana Stocks on the NASDAQ

It’s been a busy—and, might I add, great—week for marijuana stocks. It appears that the marijuana slump is over and that we’re seeing a resurgence across the industry with strong gains over the past five days or so. In this marijuana stocks review and forecast, we’ll go over why these stocks are surging and two marijuana stock highlights I have for the month.

The first major news of note is that Cronos Group Inc (NASDAQ:CRON, CVE:MJN) became the first Canadian marijuana stock to be listed on the NASDAQ. The result was that the company enjoyed a healthy boost to its stock value following the move, jumping by over 30% in the aftermath.

As I wrote before, this is major news not only for CRON stock, but also for the marijuana industry in general. Gaining a spot on the NASDAQ lends legitimacy to a company.

What’s more, being the only company in a hot industry to be listed on the NASDAQ makes a company an immediate target for investors who were unwilling to ship their capital north on Canadian exchanges or buy over-the-counter stocks.

Cronos, therefore, was one of the first companies to emerge from the marijuana slump that had plagued the industry since mid-January.

But it is also not the only company eyeing a place on the NASDAQ. Canopy Growth Corp (OTCMKTS:TWMJF, TSE:WEED) made news with WEED stock reportedly looking to find its own way into a NASDAQ listing.

This would be a huge deal, and likely far surpass the surge we saw at Cronos. Canopy Growth is, after all, the biggest player in the industry by market cap. Its entrance onto the NASDAQ exchange would likely spur on a huge surge of investors eager to buy into the largest marijuana player, now

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