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The Zacks Analyst Blog Highlights: Tilray, Coca-Cola, Constellation Brands, Canopy Growth and ETFMG
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For Immediate Release
Chicago, IL –October 18, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tilray (TLRY - Free Report) , Coca-Cola (KO - Free Report) , Constellation Brands (STZ - Free Report) , Canopy Growth (CGC - Free Report) and ETFMG Alternative Harvest ETF (MJ - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Canada Legalizes Marijuana: Stocks & ETF in Focus
Canada is now the first major world economy and the second country after Uruguay to legalize recreational marijuana. Medical use of marijuana has been legal in the country since 2001.
Shares of many cannabis companies, including Tilray, have been soaring over the past few months, are trading down today.
The emerging pot industry is growing fast and gaining legitimacy. Per research firm Euromonitor, the American market for legal marijuana products will reach $20 billion by 2020, up from $5.4 billion in 2015.
Many beverage giants are investing or planning to invest in cannabis. Coca-Cola is reported to be in talks with Canada’s Aurora Cannabis to develop cannabidiol infused beverages. Cannabidiol is a non-psychoactive substance in marijuana that is known to have some health benefits.
Recently Constellation Brands, invested $4 billion in Canopy Growth, raising its stake to 38%.
Investors should remember that cannabis remains illegal at the federal level in the US while 30 states and the District of Columbia having legalized the use of the drug for medicinal or recreational use.
Further, marijuana stocks are extremely volatile. These are younger and risker companies in an industry that continues to evolve.
The ETFMG Alternative Harvest ETF--the first and only pure play US listed ETF targeting the cannabis industry--holds 37 companies that are involved in legal cultivation, production, marketing or distribution of cannabis or related products.
I talked with Jason Wilson, president of Budding Equity Asset Management in Canada and partner in MJ, in a recent podcast.
Please listen to the podcast to learn more about the outlook for pot stocks and MJ ETF.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Tilray, Coca-Cola, Constellation Brands, Canopy Growth and ETFMG
For Immediate Release
Chicago, IL –October 18, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tilray (TLRY - Free Report) , Coca-Cola (KO - Free Report) , Constellation Brands (STZ - Free Report) , Canopy Growth (CGC - Free Report) and ETFMG Alternative Harvest ETF (MJ - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Canada Legalizes Marijuana: Stocks & ETF in Focus
Canada is now the first major world economy and the second country after Uruguay to legalize recreational marijuana. Medical use of marijuana has been legal in the country since 2001.
Shares of many cannabis companies, including Tilray, have been soaring over the past few months, are trading down today.
The emerging pot industry is growing fast and gaining legitimacy. Per research firm Euromonitor, the American market for legal marijuana products will reach $20 billion by 2020, up from $5.4 billion in 2015.
Many beverage giants are investing or planning to invest in cannabis. Coca-Cola is reported to be in talks with Canada’s Aurora Cannabis to develop cannabidiol infused beverages. Cannabidiol is a non-psychoactive substance in marijuana that is known to have some health benefits.
Recently Constellation Brands, invested $4 billion in Canopy Growth, raising its stake to 38%.
Investors should remember that cannabis remains illegal at the federal level in the US while 30 states and the District of Columbia having legalized the use of the drug for medicinal or recreational use.
Further, marijuana stocks are extremely volatile. These are younger and risker companies in an industry that continues to evolve.
The ETFMG Alternative Harvest ETF--the first and only pure play US listed ETF targeting the cannabis industry--holds 37 companies that are involved in legal cultivation, production, marketing or distribution of cannabis or related products.
I talked with Jason Wilson, president of Budding Equity Asset Management in Canada and partner in MJ, in a recent podcast.
Please listen to the podcast to learn more about the outlook for pot stocks and MJ ETF.
Marijuana Stocks and ETF: What Investors Need to Know
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.