Commodities and Gold

CANNABIS CORNER: The Map Turns Green

Voters have spoken. Thanks to the latest round of ballot proposals, only Nebraska and Idaho will remain closed to medicinal marijuana. Meanwhile, four new states opened up to recreational sales.

Arizona, New Jersey and Montana will soon be fully “green” jurisdictions. South Dakota leaped straight from banning all forms of consumption to what amounts to decriminalization.

It is an incremental win for suppliers, widening the recreational market opportunity by about 17 million people. And the pot stocks cheered.

Aurora Cannabis Inc. (NYSE: ACB) was a $4 stock a week ago. Here we are, back within sight of $10.

Tilray Inc. (NASDAQ: TLRY) is up “only” 68% this week. All the names I track tell a similar story.

Is this what it takes to turn the trend around for this industry and long-suffering shareholders? You can bet I’ll be watching closely.

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. The Financial Times describes Ms. Kramer as “A one-woman financial investment powerhouse” and The Economist distinguishes her as “one of the best-known investors in America”. Ms. Kramer is often quoted in publications such as the Wall Street Journal, New York Post, Bloomberg, and Reuters. She is a frequent guest commentator on CNBC, CBS, Fox News and Bloomberg, providing investment insight and economic analysis. Ms. Kramer was an analyst and investment banker at Morgan Stanley and Lehman Brothers. Ms. Kramer founded and ran a long-short hedge fund and has been chief investment officer overseeing debt and equity portfolios. Since 2010, Ms. Kramer’s financial publications have provided stock analysis and investment advice to her subscribers. Her products include GameChangers, Value Authority, High Octane Trader, Triple-Digit Trader, 2-Day Trader, IPO Edge and Inner Circle. Ms. Kramer, a Certified Fraud Examiner, has also testified as an expert in investment suitability, risk management, compliance, executive compensation, and corporate governance. Ms. Kramer received her MBA from the Wharton School at the University of Pennsylvania and her BA with honors from Wellesley College. Ms. Kramer has provided testimony regarding investment policy to the U.S. Senate and is a frequent speaker on the markets, portfolio management and securities fraud and compliance. Ms. Kramer is also the author of “Ahead of the Curve” (Simon & Schuster 2007) and “The Little Book of Big Profits from Small Stocks” (Wiley 2012).