Pot CEOs Rub Elbows with Royalty

We won’t call it a comeback.

Pot stocks were never that down and out.

But after a dismal close to 2018, the space is surging. Here’s a look at my proprietary pot stock index over the past 30 days:

chart

Clearly pot stocks are on the upswing, and for a good number of reasons.

This is what’s causing the big moves and this is what I expect to happen next in the pot space.

More Assurance From America’s Top Lawman

Want people to believe you? Put it in writing.

That’s exactly what Trump’s new attorney general nominee William Barr did regarding pot stocks and the legal industry.

Barr has pledged to the Senate that he would not “go after” marijuana companies that are compliant with state laws.

Now according to Forbes, Barr is putting that in writing in order to reaffirm his intentions.

Additionally, Forbes notes: “He’s also calling for the approval of more legal growers of marijuana for research, and is acknowledging that a recent bill legalizing hemp has broad implications for sale of cannabis products.”

This is great news for us pot players. But there’s even more to get excited about.

Marijuana’s Elites Wrap Up in Davos

How do you know when an industry has become part of the global economy?

When your industry is represented at the World Economic Forum’s annual meetings in Davos, Switzerland.

Bloomberg reports it’s proof that “cannabis is becoming accepted by the world’s financial and political elite.”

Just picture it…

Oil tycoons rubbing elbows with prime ministers, royalty AND cannabis CEOs.

What might be said behind closed doors at these meetings is enough to spark any speculator’s excitement.

But there’s one more reason to love pot stocks right now as well.

Coming Soon: Cannabis Earnings

Earnings season is an exciting time in the pot space, especially this year.

Never before have we had so many public pot companies to watch.

Here’s a quick snapshot of some of the big names reporting in the next few weeks.

  • Aurora Cannabis (NYSE: ACB) will report earnings on Feb. 11
  • Cronos Group (NASDAQ: CRON) will also report on Feb. 14
  • Canopy Growth (NYSE: CGC) is also expected to report on Feb. 14
  • Aurora Cannabis (NYSE: ACB) will report earnings on Feb. 11
  • HEXO Corp. (NYSE: HEXO) will report later in March, on the 19th.

In their last reports each of these companies posted year-over-year sales growth of 260%, 186%, 33% and 506%, respectively.

Marijuana players take note… It’s time to get ready for the next surge of riches with cannabis stocks.

Click here now to get started on the path to your own marijuana millions today.

For Technology Profits Daily,

Ray Blanco
Chief Technology Expert, Technology Profits Daily

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Ray Blanco

Ray Blanco is the editor of Technology Profits Confidential as well as Breakthrough Technology Alert, FDA Profit Alert, and Technology Profits Daily. Ray has been with Seven Figure Publishing since 2010. In 2019, his closed positions in Technology Profits Confidential outperformed the S&P500 by 50%.

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