The Great Marijuana Bull Market Has Officially Arrived
The Great Marijuana Bull Market Has Officially Arrived by Justin Spittler – Casey Research
The next great bull market has arrived.
It will last for years…and make early investors more money than they can fathom.
And yet, no one’s talking about this. In fact, I’m probably the first person to bring this to your attention.
So, what am I talking about exactly?
It’s obviously not U.S. stocks. They’ve been in a bull market since 2009.
It’s not cryptocurrencies, either. Everyone and their mother knows about that explosive rally.
I’m talking about Canadian pot stocks.
• Last week, the Canadian Marijuana Index soared 10%…
This index tracks 18 major Canadian pot stocks. It’s one of the best ways to track Canada’s marijuana industry.
You can see this explosive move in the chart below.
The Canadian Marijuana Index is now up 35% since hitting a nine-month low in July.
• More importantly, Canadian pot stocks are now more than 20% off their previous lows…
This means they’re officially in a bull market.
That’s important for a number of reasons.
But the main one is psychological. You see, most investors aren’t contrarians like us. They like to buy what’s hot.
Because of this, most people won’t buy stocks until they’re soaring. And that’s exactly what’s happening with Canadian pot stocks.
After last week’s huge rally, the Canadian Marijuana Index is already up another 3.3% this week. The best Canadian blue-chip pot stocks have surged more than 10%.
The higher these stocks go, the more buyers they attract.
• And the sky’s the limit…
After all, many Canadian pot stocks doubled or tripled in value during the last marijuana bull market. The best ones soared 1,000%…2,000%…or, in some cases, more than 5,000%.
Those are life-changing gains. But you could make even more money during this new bull market.
I’ll explain why in today’s essay. I’ll also show you an easy way to set yourself up for monster gains.