This Fringe Cannabis Stock Is Gaining Steam — Buy Now – Money and Markets

This Fringe Cannabis Stock Is Gaining Steam — Buy Now – Money and Markets

Today, I see a key factor in the cannabis market that both Chief Investment Strategist Adam O’Dell and I look for when we recommend stocks: momentum.

I’ve spent the last several weeks keeping an eye on the Global Cannabis Stock Index (GCI) from New Cannabis Ventures. This index tracks the prices of 37 marijuana stocks.

It’s an accurate indicator of how the broad cannabis market is performing.

You see, Adam and I don’t believe that buy low, sell high is the best way to crush the market.

Instead, we advocate for buying high, and selling higher. This is where momentum plays a factor.

Stocks that are already trending higher have a much better chance of massive returns than those that haven’t hit an uptrend yet.

GCI Momentum Since September

cannabis stock watchlist GCI

Based on the Momentum Principle (buy high; sell higher), this is an ideal time to look at cannabis stocks.

I’ve found a company that has already started an uptrend — one I believe will crush the market by 3X in the next 12 months.

Tobacco Company Turns to Cannabis

Another trend I’ve spotted is traditional “tobacco” companies moving to cannabis as another revenue pipeline.

This is a business decision as fewer Americans smoke cigarettes each year. (Smoking rates declined by 31.6% between 2008 and 2017 among adults in the U.S.)

At the same time, 80% of
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