Skip to main content

Get High on Marijuana - stuff your portfolio with Marijuana Stocks


Americans went to the polls Tuesday when the two states voted on legalizing recreational marijuana and another two more deciding the fate of medicinal marijuana.

Weed stocks are going through the roof at the moment.

www.ecocropsinternational.com


So far in the United States of America, 10 states allow recreational use of marijuana and 32 states allow the use of medical marijuana. But government bodies can not use the drug.

At the start of October this year, Canada became the second country after Uruguay to legalize the recreational use of marijuana which has also seen the stock rise heavily.

Weed stocks were surging Monday and Tuesday as Americans in four  Different states will determine the fate of marijuana use at a state level.

Voters in North Dakota and Michigan and are considering the full recreational use of marijuana for people over the age of 21, which is the age people can drink Alcohol in the United States of America. In the meantime, Utah is voting for the medical use of Marijuana.

Here are the Stocks so far,

Aurora Cannabis (ACB): +0.95%
Cronos Group (CRON): +4.79%
Aphria (APHA): +1.84%
Canopy Growth (CGC): 3.62%

High-flying cannabis stocks have caught the attention of both Main Street and Wall Street this year. In October, Canada became the second country after Uruguay to legalize the recreational use of marijuana.

Comments

Popular posts from this blog

Trumps biomass policy

In 2007 the USA Federal Government passed the US Renewable Fuel Standard which required ethanol blending with domestic oil in large quantities with frequent increases in amounts of ethanol being used.  The bill was passed to reduce the USA carbon footprint and increase the amount of renewable biofuel being used in the USA. Under the Trump administrations, they have been far less supportive of the biomass blending mandate, granting biofuel waivers to major industry players and allowing the trading of biomass credits to develop. Despite the less than active support for biofuel domestically Trump has been pushing his trade negotiators to get big concessions from his Chinese counterparts by asking them to lower their tariffs on biomass in particular biofuel. China's ethanol demand is expected to grow nearly sevenfold as the country prepares to introduce E10 fuel throughout the country next year. E10 fuel is a fuel using 10% ethanol and 90% petrol. U.S. trade negotiato...

Markets just saw the best earnings season since the financial crisis, and nobody cares

Even mildly pessimistic guidance has investors spooked amid macro headwinds Earnings for S&P 500 companies grew by 25.8% in the third quarter, the strongest performance since the third quarter of 2010, when companies benefited from very attractive, recession-era comparable earnings. Nevertheless, from the start of earnings season to the close of trade Friday, the S&P 500 index SPX, +0.22% has fallen 2.7%, the Dow Jones Industrial Average DJIA, +0.49% 1.1%, and the Nasdaq Composite Index COMP, -0.15% 5.5%. “Third quarter earnings were outstanding both on earnings and revenue growth, the percentage of companies beating expectations, and the magnitude of those beats,” Michael Arone, chief investment strategist at State Street Global Advisors. But the selloff that accompanied these announcements is a testament to the fact that “Wall Street doesn’t care what you’ve done in the past. It’s all about what you’re going to do next quarter,” Arone said. The pairing of r...

Secure your online wallets & be careful with online services

You should be wary of any service designed to store your money online. Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank. Accordingly, you might want to use other types of Cyber currency wallets.  Otherwise, you should choose such services very carefully. Additionally, using two-factor authentication is recommended. Small amounts for everyday uses A Bitcoin wallet is like a wallet with cash. If you wouldn't keep a thousand dollars in your pocket, you might want to have the same consideration for your Bitcoin wallet. In general, it is a good practice to keep only small amounts of bitcoins on your computer, mobile, or server for everyday uses and to keep the remaining part of your funds in a safer environment. Backup your wallet Stored in a safe place, a backup of your wallet can protect you against computer failures and ma...