Will the Cannabis Industry See Another Hot Summer?

Article by Amy Legate-Wolfe, The Motley Fool

Will the Cannabis Industry See Another Hot Summer? Amy Legate-Wolfe

We all remember cannabis stocks last summer. The headlines were everywhere, so even if you weren’t really into investing, you still knew that these stocks were hot. After remaining relatively stagnant for years in some cases, suddenly legalization was coming and people were buying up these stocks like they were going out of style.

But then there was that severe drop, seen on the graph below. Across the board, legalization came and went and shares plummeted during October and December. It looks like most stocks have begun to rebound at least a bit, if not to those all-time highs. So, will the cannabis industry see another red-hot summer?

Marijuana was legalized across Canada on October 17th, and a little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

Besides making key partnerships with Facebook and Amazon, they’ve just made a game-changing deal with the Ontario government.

One grassroots Canadian company has already begun introducing this technology to the market – which is why legendary Canadian investor Iain Butler thinks they have a leg up on Amazon in this once-in-a-generation tech race.

This is the company we think you should strongly consider having in your portfolio if you want to position yourself wisely for the coming marijuana boom.

Read the full article here.

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