The Buzz
What you need to know to profit from Legal Cannabis – and sound smart!
Quote of the Week
George Soros
“I'd much rather invest in effective education than ineffective arrest and incarceration.”
— George Soros, Investor
“Cannabis Industry Outlook for 2017” Paints a Very Bullish Outlook for Cannabis Stocks
Cannabis stocks have struggled since the November 8 election. Almost every stock I follow is down since then. However, I don’t believe that weakness signals a shift in sentiment. I believe it is being driven by end of year profit taking and tax-loss harvesting. Keep in mind, most cannabis investors are sitting on huge gains on the year. Looking forward, Cannabis investors should focus on long-term buy and hold and use dips as a chance to buy more shares. When this wave of profit taking and tax loss harvesting ends next week, I’m expecting cannabis stocks to rebound and begin advancing again in 2017.
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