Cannabis Corner: A Classic Green Gold Rush

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street.

You’ll notice a lot of people stop talking about cannabis stocks when the bulls are in control. Tragedies are easier stories to tell than comedies.

And right now, the cannabis bulls are clearly more interested in laughter than tears. My proprietary industry basket is up another 2% this week while the broad market drags.

Once again, the giants are leading the way and smaller, more obscure companies follow in their footsteps. Aurora Cannabis Inc. (NASDAQ:ACB) is up 7%. Canopy Growth Corp (NASDAQ:CGC) and Tilray Inc. (NASDAQ:TLRY) are up 5%.

What’s exciting is the way their charts have shaped up. This isn’t just an oversold bounce or the shorts covering their positions. 

This is a real bull run that can sustain itself for an extended period. Good news spreads. Traders see what their rivals are making on these stocks and crowd in for a taste.

Right now, the key stocks are not even remotely overbought. They’re hot, but not too hot.

Let’s enjoy it while it lasts. And if you’ve been looking for an entry on these stocks, there’s now a note of urgency. If you blink, you might miss your chance to build a position at this level.

After all, my cannabis index is already up 51% so far this year. You’ve already missed out on these stocks at January prices. Late to the party is better than never arriving at all, right?

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor