* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, June 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

This Cannabis ETF Is Already Up Nearly 40% in 2024: Is Now the Time to Load Up on Pot Stocks?

February 17, 2024
in News
This Cannabis ETF Is Already Up Nearly 40% in 2024: Is Now the Time to Load Up on Pot Stocks?
Share on FacebookShare on Twitter

The stock market has been off to a great start to 2024, with the S&P 500 hitting the 5,000 mark for the first time ever. While big tech is a key reason for the index’s success, investors shouldn’t overlook another hot area of the stock market, and that’s cannabis.

Pot stocks have been surging in value this year as investors have warmed up to growth stocks as a whole amid hopes that interest rates will come down. Lower interest rates will lessen borrowing costs and thus decrease the overall risk for growth stocks and businesses that aren’t yet profitable.

The AdvisorShares Pure US Cannabis ETF (NYSEMKT: MSOS), which invests in multistate marijuana companies, has soared nearly 40% since the start of 2024, and that’s after giving back some gains in recent trading days. Is this a sign that optimism has returned to the cannabis industry and that it’s a good time to invest in pot stocks again?

Low valuations have made pot stocks more attractive

The AdvisorShares Pure US Cannabis exchange-traded fund is actively managed and holds swaps, which are financial derivatives, of many multistate marijuana companies, including big names such as Green Thumb Industries, Curaleaf Holdings, and Trulieve Cannabis. While these are top cannabis producers in the U.S. market, they haven’t exactly been great investments. Over the past three years, their valuations have all declined by more than 60%.

Their respective price-to-sales multiples have also come down significantly.

CURLF PS Ratio Chart

CURLF PS Ratio data by YCharts

Regardless of whether you expect marijuana legalization in the U.S. to happen in the near future, distant future, or never, there’s still the expectation that there is a lot of growth in the global pot market. Researchers at Fortune Business Insights projected last year that the global cannabis industry will grow at a compound annual growth rate of more than 34% until 2030.

That long-term potential could entice investors to take a chance on some of these stocks, especially as other growth stocks may have become overvalued of late.

Why cannabis investors might be feeling a bit more bullish these days

Although some pot stocks have been hot out of the gate (Trulieve, in particular, was up around 90% at the start of 2024), a big part of the reason is speculation, and hopes that marijuana reform could be on the horizon.

The Drug Enforcement Administration (DEA) is reportedly considering rescheduling cannabis so that it does not share the same Schedule I classification as other dangerous substances such as heroin and ecstasy. But even if it is changed to a lower classification, that alone doesn’t mean that legalization of cannabis will follow.

There is also the hope that in November, Florida will have the opportunity to vote on legalizing marijuana for recreational use (it’s already approved for medical reasons). Trulieve has a huge presence in Florida (131 locations), which is why many investors may be feeling bullish on its prospects, as it would arguably stand to benefit the most from the launch of a recreational pot market in its home state.

The danger for investors is that neither of these developments is guaranteed to happen. The DEA may opt not to reschedule cannabis, and Florida may not end up legalizing marijuana for recreational use. Cannabis investors have been here before, with high hopes for marijuana reform often dashed later on. Odds, however, are high that Florida will legalize recreational marijuana before the federal government makes a big move; 24 states and the District of Colombia have already legalized marijuana for recreational use.

Is now the time to invest in cannabis stocks?

Pot stocks haven’t made great investments in recent years. But there is undoubtedly a lot of growth potential in the industry. If you’re willing to take on the risk and uncertainty and hang on for the long haul, there could be an opportunity to generate some promising gains from pot stocks, given how low-priced many of them still are today.

Investing in a fund such as the AdvisorShares Pure US Cannabis ETF can be a good way for investors to gain exposure to the U.S. cannabis market, as it holds shares of the best cannabis stocks in the country. And since the fund is actively managed, you likely won’t have to worry about tracking new pot stocks or opportunities which come up in the industry.

The caveat, however, is that investors should be careful not to assume that the current rally will last or that significant reform at the federal level will take place in the near future. Investors often get burned by setting their expectations too high. If, however, you go into this knowing that there can and likely will be significant volatility and that it may be several years before there is a big payoff, then investing in the AdvisorShares Pure US Cannabis ETF could prove to be a smart move.

Should you invest $1,000 in AdvisorShares Pure US Cannabis ETF right now?

Before you buy stock in AdvisorShares Pure US Cannabis ETF, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AdvisorShares Pure US Cannabis ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of February 12, 2024

David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Green Thumb Industries and Trulieve Cannabis. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Nasdaq – https://www.nasdaq.com/articles/this-cannabis-etf-is-already-up-nearly-40-in-2024:-is-now-the-time-to-load-up-on-pot

Tags: AlreadyCannabisnews
Previous Post

This Space Stock Has 35% Upside, According to 1 Wall Street Analyst

Next Post

Could Alphabet Stock Help You Become a Millionaire?

The end of the affair? – The Economist

Is This the Final Chapter of Their Love Story

June 7, 2025
Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

June 7, 2025
The Business of Sports | Houston Business Journal to host powerhouse panel – KHOU

The Business of Sports | Houston Business Journal to host powerhouse panel – KHOU

June 7, 2025
Too much of a green thing – Economy and ecology – ips-journal.eu

Striking the Balance: Navigating the Intersection of Economy and Ecology

June 6, 2025
Why Resident Alien’s showrunner trapped Alan Tudyk in his human form – Polygon

Unveiling the Mystery: How Resident Alien’s Showrunner Keeps Alan Tudyk Grounded in His Human Role

June 6, 2025
Weed Science Society shares funding cut concerns with lawmakers – Brownfield Ag News

Weed Science Society shares funding cut concerns with lawmakers – Brownfield Ag News

June 6, 2025
Afrimaxx – Modern African Lifestyle – DW

Afrimaxx – Modern African Lifestyle – DW

June 6, 2025
World Energy Investment 2025 – Analysis – IEA – International Energy Agency

Unlocking the Future: Insights from the 2025 World Energy Investment Report

June 6, 2025
Trump’s attacks on international student enrollment could ultimately shake the economy – CNN

Trump’s attacks on international student enrollment could ultimately shake the economy – CNN

June 6, 2025
After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

June 6, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (672)
  • Economy (686)
  • Entertainment (21,592)
  • General (15,267)
  • Health (9,727)
  • Lifestyle (689)
  • News (22,149)
  • People (687)
  • Politics (694)
  • Science (15,904)
  • Sports (21,190)
  • Technology (15,672)
  • World (671)

Recent News

The end of the affair? – The Economist

Is This the Final Chapter of Their Love Story

June 7, 2025
Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

June 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version