Cannabis stocks can go on wild rides and since the start of 2021, we’ve been able to bank “high” profits.
As Wealth Megatrends editor Sean Brodrick pointed out last week, sales in some of the better cannabis stocks are booming. The company Cresco Labs Inc. (OTCQX: CRLBF) just reported that last year, their full-year revenue jumped 271%, to roughly $476 million.
In this special four-minute video segment, Sean talks about the current climate for cannabis stocks, and why this period will prove to be a great buying opportunity. According to Sean, “The trends in the industry are extraordinarily bullish. The market is pulling back now. But that’s a short-term pullback against a major up-trend.”
Certain trends can translate into major profits for investors. They already have for Sean’s subscribers, in the last three months, alone! Sean uses the breakthrough Weiss Cannabis Stock Rankings, to pinpoint the cannabis stocks with the best momentum at any given time. It’s a formula that adapts to the fast pace at which pot stocks often move.
Sean explains:
We saw a great run-up in cannabis stocks, that’s why we took 17 gains in a row. And that’s just since the start of this year.
Because we bought those stocks last year when no one liked them. They went higher and then we took a whole bunch of gains because the market was starting to act funny ... a correction was coming. Now, we’re in that correction phase.
Cannabis stocks are pulling back along with the broad market right now. We had a big run-up, so there has to be some correction. Nothing goes up in a straight line.
But for people who haven’t bought yet, this just means a good buying opportunity may be coming up. For those who already own some stocks, you just have to be patient, because the up-trend is big. I mean, it’s huge!
In this insightful video, Sean discusses:
• Three major trends that are pushing the industry forward at breakneck speed.
• A CBD company that’s riding a megatrend and bound to surge.
• A cannabis company with “a cult-like following,” that has a large share of an expanding market: “We took some fantastic gains in it and we’re back in it again.”
The information in this short segment couldn’t be timelier. I suggest you watch it now.
Happy investing!
Jessica Borg
Financial Anchor
Wealth Megatrends
