Canadian marijuana stocks should be bought on dips and held for two to five years
MunKNEE.com | November 2, 2016: According to the Marijuana Index Canada – consisting of 10 publicly-traded Canadian marijuana stocks – the Canadian cannabis sector, [has had] a parabolic rise in share price since May of this year.
I suspect the share prices of the companies on our list could come down over the next few months and probably into tax selling season in December. If you have made any good profits in the last year with any of the…[above] companies you may want to take some money off the table and look to buy back into the sector after a correction and pullback if you are looking to trade them. If you are a long time investor, buy them on any dips and hold them…over the next 2 – 5 years. This is just the beginning of the next major advance that the sector and stocks will make.
There is a chance some of the stock prices may continue to rise if the market is adding expectation about the recreational market opening up in 2017, however, that expectation and rise should come after a much needed correction and base building. Given the excitement around the sectors, though, investors are still buying so there could very well be no correction or just shallow ones.
…The Canadian marijuana landscape is about to change [considerably] in 2017. Canada’s government is in the process of allowing recreational marijuana across the country next year, so the number of customers the licensed producers can sell to should increase significantly by multiple folds in 2017 and 2018…increasing their sales [dramatically] over the next few years [as a result]…
Read the full article at: www.munknee.com
