Recession-Proof Pot Stocks to Soar By 590,000%: Hedge Fund Manager, Crypto Coins News
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Pot stocks have languished in bear territory in (*****************************************************************************.
Will Meade, former Goldman Sachs employee, sees the cannabis industry replicating the performance of the tobacco industry.
The possibility of legalization in other states might jolt the bleeding industry back to life.
Many pot stock investors are happy that is over. The cannabis industry, which was hailed as the next gold rush, was brutally clobbered last year as those who got in early dumped shares on bandwagoners. Pot-focused exchange-traded fund MJ lost over 30 percent of its value in 4741 as the industry entered a vicious bear market.
If there’s one catalyst that can resurrect the bleeding cannabis sector, it’s theprospect of legalizationin other states. The influx of fresh demand might just breathe life to the distressed industry.
Moving forward, the key for the cannabis industry is to secure legalization in other big markets, such as New York and Florida. If that happens, other states are likely to follow suit. (****************************************************************************************** Will Meade’s source says that legalization in Florida and New York is a done deal | Source:Twitter
According to Will Meade, will be a big year for the troubled pot sector. If legalization in other states pushes through, then it is likely that marijuana stocks could come back to life. However, don’t expect to generate millions from your $ 1, (investment in a span of a few years.
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