Canada’s legalization of marijuana for recreational occurs October 17, 2018. That should boost marijuana production and sales—and the appeal of marijuana stocks for investors. However, even for aggressive investors, it’s important to understand the risks of investing in marijuana stocks.
The speculative appeal of Canadian marijuana stocks continues to attract investors looking for a “ground-floor opportunity.” However, the pioneers in an industry are not always the ones who survive.
There are also low barriers to entry for new competitors—and those barriers just got lower with the announcement by the federal government that it will let large cannabis producers start growing crops outdoors. That introduces a new, cheaper supply of marijuana that will compete with established indoor producers who have invested billions in greenhouses and other indoor facilities.
The government feels the new source of supply will help suppress the illegal black market for cannabis. Established indoor producers lobbied against outdoor growing, citing the risk of theft, contamination from pesticides from adjacent fields and the pungent smell of cannabis plants during flowering.
Longer term, if demand grows large and profitable enough, major agricultural and drug companies, as well as tobacco firms, are likely to enter the field and take sales away from existing growers.
Shares of many marijuana stocks may move higher as momentum traders buy the widely followed stocks on the latest upswing. However considering their current sales, many Canadian producers have very high “market caps” (the value of all shares outstanding). That means they need huge revenue growth even to justify their current stock prices. If revenues merely hold steady or rise only slowly, their stock prices will be vulnerable.
Note, too, that strong investor interest in any new area also attracts penny stock spammers—and marijuana stocks are no exception. The upcoming market boom following legalization could bring about a new wave of these penny promotions.
Our special report gives you analysis of Canada’s leading marijuana stocks today—as well as ways to profit from the marijuana boom that are very different from what many investors are thinking. Read our special free report, The Highs and Lows of Marijuana Stocks.
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Marijuana Producer
Recently this U.S.-based cannabis company expanded its operations by acquiring a medical marijuana specialist in Florida.
At the same time, the company’s shares began trading on the Canadian Securities Exchange. This firm… Read More
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In volatile markets, news on cannabis stocks and the cannabis industry is at a premium. As always, we examine all the news and select for you the articles that are most likely to shed light on your future investments.
1. The CEO… Read More
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Cannabis-Connected
Last year, this stock acquired a large drugstore based in Quebec. While rival Shoppers Drug Mart is already licensed to sell medical cannabis, this drugstore chain has no immediate plans to do so. That’s because the Quebec government limits retail cannabis sales… Read More
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Investment Outlook
It’s too early to label the cannabis stock boom a “bubble,” but investors in these volatile stocks can benefit from our sell-half rule.
FREE REPORT
As developments come thick and fast with marijuana stocks, reliable research and recommendations are more important than ever.
Sign… Read More
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Investment Outlook
As marijuana producers make money, they are liable to generate sky-high price/earnings ratios that could make it difficult to justify their share prices.
FREE REPORT
As developments come thick and fast with marijuana stocks, reliable research and recommendations are more important than ever.
Sign… Read More
Read Next Article →
In volatile markets, news on cannabis stocks and the cannabis industry is at a premium. As always, we examine all the news and select for you the articles that are most likely to shed light on your future investments.
1. The Quebec… Read More
Read Next Article →
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Marijuana Producer
This U.S.-based cannabis firm began trading on the Canadian Securities Exchange in November 2018.
Currently, medical marijuana is legal in 31 American states, while nine have also legalized recreational use. This company has… Read More
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Cannabis-Connected
After its big merger in 2005, this Canadian brewer became a leader in beer sales across North America.
In 2016 the company paid $12 billion to a Europe-based brewer to gain 100% control of a brewing joint venture. Cost savings from that… Read More
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Cannabis-Connected
This stock has established a strong niche in specialized testing equipment since it was spun off from Hewlett Packard in 2000.
The company has acquired several related businesses and also invests heavily in research to develop its own equipment. It has enjoyed… Read More
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Stories on cannabis continue to be big news—often front-page news—as companies and consumers adjust to legalization. We examine all the articles and select the ones that are most likely to impact you, as a Canadian investor.
1. A researcher at the University of… Read More
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Marijuana Producer
A medical cannabis firm since 2014, this stock’s innovations include more precise methods of calibrating marijuana dosages.
Now it has made two major deals. One gives it access to an industrial-scale production… Read More
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Investment Outlook
As cannabis stocks face the challenge of generating revenue in a legal marketplace, investors have plenty of “reasons for wariness,” especially given these factors.
FREE REPORT
As developments come thick and fast with marijuana stocks, reliable research and recommendations are more important than… Read More
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Cannabis-Connected
The acquisition of a major drugstore chain has boosted revenue for this grocery giant, and is due to add more revenue through cannabis sales.
The company plans to distribute medical cannabis through its drugstores, which have secured deals with several major growers… Read More
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New developments spur new stories as we enter the second month of legalization. We continue to sift through all the articles and select those that are most likely to impact you, as a Canadian investor.
1. Ontario will effectively hold cannabis producers to… Read More
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Marijuana Producer
Based in British Columbia and Texas, this company is one of North America’s largest growers of greenhouse vegetables.
Now it will use its expertise in hydroponic growing in partnership with a leading… Read More
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Investment Outlook
Trying to find the next hot cannabis stock among marijuana penny stocks entails high risk, especially since many are likely to be little more than stock promotions.
FREE REPORT
As developments come thick and fast with marijuana stocks, reliable research and recommendations are… Read More
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Marijuana Producer
This Ontario-based producer has a variety of recreational and medical cannabis brands and continues to broaden its operations.
The company is expanding internally and growing by acquisition as well. One $425 million… Read More
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Cannabis-Connected
Since 2013, this company has been providing cannabis producers with fertilizers, “grow lighting” and other products.
Through numerous acquisitions, it has added to that list of products for marijuana growers. The most important of those deals is its recent takeover of the… Read More
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Investment Outlook
Geographic expansion may not always work out, but it can be an effective way for cannabis producers to broaden their markets and reduce a key risk.
FREE REPORT
A month into legalization, investors are still trying to tell who the winners will be… Read More
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There hasn’t been any letup in cannabis articles a month into legalization. As always, we sift through all the stories and select those that are most likely to impact you, as a Canadian investor.
1. The ouster of U.S. Attorney General Jeff Sessions… Read More
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