Read the story here. Advertise at Before It's News here.
Profile image
By Midas Letter (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Why Weed Stocks are NOT the Next GameStop

% of readers think this story is Fact. Add your two cents.

Weed stocks have been rocketing in value this February, before crashing on Thursday. Reddit and the infamous /r/WallStreetBets forum got behind certain Canadian-based cannabis companies this last week (Canopy Growth Corp NASDAQ: CGC TSE: WEED and Aphria Inc NASDAQ: APHA  TSE: APHA most notably) spurring 100% plus gains. Many investors are now worried that the large runup and crash has now burst a bubble like GameStop Corp. NYSE: GME before it.

However, the cannabis story differs entirely. This recent dip could be more a case of the sector suffering from its own success.

There has been great momentum in the sector for good reason. Weed stocks have all been buoyed with expectations of U.S. federal decriminalization and interstate cannabis commerce.

Watch the entire interview for a full breakdown of the cannabis industry and its current trading patterns.

Original article: Why Weed Stocks are NOT the Next GameStop

©2021 Midas Letter. All Rights Reserved.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.