5 Top Cannabis Stocks And Their Forecasts For 2019 And 2020

Our Cannabis Stocks Canada forecast published half a year ago predicted the continuation of this raging bull market in cannabis stocks. So far it seems spot-on. Here is the good news for bulls: the best is yet to come. Most cannabis stocks show double and triple tops. A breakout out of this kind of pattern will unleash lots of bullish energy. That’s why we are convinced that cannabis stocks will become the type of sector with mega returns in 2019 and/or 2020.

Very important note about our top cannabis stocks and their forecasts for 2019 and 2020: the price targets mentioned in each forecast in this article should be seen as major tops. The price targets are certainly not average prices for 2019 nor for 2020.

We were alerted on this point in this tweet so we want to be very clear on this. We envision some sort of blow-off top in each of these cannabis stocks, which is where we set our price targets as part of our cannabis stocks forecasts.

Before looking into the details of several cannabis stocks and their forecasts for 2019 and 2020 we want to make the point about the ethical aspect of cannabis investing. Many investors still think of cannabis as this illegal thing that makes for irresponsible usage and hence investing in it would also be for irresponsible investors.

Nothing is further from the truth because the industry is maturing and the law is maturing with it (and vice versa). There are very positive aspects of cannabis which are now channeled in health care.

However, there are risks associated with cannabis investing. So it’s not the moral aspect that we believe should be considered first, but rather the risks.

Cannabis Stocks Forecasts vs. Cannabis Investing Risks

First of all, identifying the quality cannabis stocks is imperative. As per Tsaklanos his 1/99 Investing Principles just 1% of cannabis stocks should be considered, so that’s a handful of them.

Recently, it became painfully clear with this cannabis stock scam communicated by the SEC that there is fraud happening in the sector. This sentence in this article stands out :The complaint alleges that, in reality, Greenview had no track record and its sole investment of $400,000 was in a cannabis company that had yet to harvest a crop.

Our Cannabis Stocks Forecasts Proven Accurate So far

On January 5, 2019 when the whole world was focused on crashing stock markets we published this:

In the first week of January 2019, on the long term weekly chart of our bellwether cannabis stock, we got a confirmation that the uptrend of Canopy Growth is in tact. We interpret this as ‘the cannabis stock sector bull market is in tact’.

So far it seems that the chart is reflecting the fundamentals, and we strongly see a continuation of the grand cannabis stock bull market in 2019 until proven otherwise.

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