Tag: marijuana stocks

Profit From Dispensaries With A Micro-Cap Up 218% In 12 Months

Posted on by The INO.com Team

Analysis originally distributed on January 11, 2017 By: Michael Vodicka of Cannabis Stock Trades

Dispensaries are staples of the cannabis industry.

This is where customers go to buy medical and recreational cannabis. Without these key players, there would be no retail outlet for cannabis consumers. After all, Wal-Mart isn’t carrying anyone’s favorite line of Kush. Not yet at least.

While dispensaries are important and highly visible in the distribution channel, they are also turning out to be one of the most profitable sub industries in the cannabis sector.

Dispensaries on the whole are doing well. And awesome in some cases.

According to a report from Marijuana Business Daily in mid-2016, almost 90% of cannabis dispensaries are profitable or breaking even. Take a look at the chart below.

90% of cannabis dispensaries are profitable
Chart courtesy of Marijuana Business Daily

What you can also see is that from the five cannabis sub-industries – dispensaries rank near the top in percent of profitable companies. Continue reading "Profit From Dispensaries With A Micro-Cap Up 218% In 12 Months" →

North American Cannabis Stock Index up 208% in 2016

Posted on by The INO.com Team

Analysis originally distributed on January 4, 2017 By: Michael Vodicka of Cannabis Stock Trades

Cannabis stocks had a ridiculous year in 2016.

The MJIC North American Cannabis Stock Index was up 208%. Take a look below.

MJIC North American Cannabis Stock Index

Chart courtesy of MarijuanaIndex.com

Congratulations to the smart people who invested. Your portfolio had a great year.

Looking forward, I am expecting more of the same in 2017. Continue reading "North American Cannabis Stock Index up 208% in 2016" →

4 Cannabis Stocks With The Best Chance To Be The Next Starbucks

Posted on by The INO.com Team

Analysis originally distributed on December 14, 2016 By: Michael Vodicka of Cannabis Stock Trades

Back in 1991, very few people had heard of a company called Starbucks.

After all, what kind of fool would pay more than $2 for a cup of coffee? Particularly when you could brew a cup at home.

Today, Starbucks is a billion-dollar global leader and one of the most recognized consumer brands in the world. Early investors have been rewarded with life-changing gains.

Shares are up almost 17,000% in the last 25 years. Investing $10,000 at the IPO in 1991 would be worth $1.7 million today. $25,000 would have grown into $4.4 million. Take a look at the big gains below. Continue reading "4 Cannabis Stocks With The Best Chance To Be The Next Starbucks" →

Canopy Positioned to Dominate with $430 Million Bid for Mettrum

Posted on by The INO.com Team

Analysis originally distributed on Decemberber 7, 2016 By: Michael Vodicka of Cannabis Stock Trades

Two of my favorite cannabis stocks reported great news.

On December 1 Canopy Growth Corp (TSX:CGC), Canada’s largest medical marijuana company, announced a $430 million bid to purchase industry rival Metrum (TSX.V:MT).

This is one of the most important events of the year in the cannabis industry.

If the merger is approved by regulators and shareholder it would the single largest merger in the history of the young cannabis industry.

It would help solidify Canopy’s status as the giant of the Canadian medical marijuana market.

The combined company would have a market cap of more than $1 billion, 655,000 thousand square feet of annual production capacity and the potential to capture half the entire Canadian medical marijuana. Continue reading "Canopy Positioned to Dominate with $430 Million Bid for Mettrum" →

Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday

Posted on by The INO.com Team

Analysis originally distributed on November 30, 2016 By: Michael Vodicka of Cannabis Stock Trades

While Cyber Monday and Black Friday did deliver solid sales growth, the cannabis industry was on a totally different level.

Joe Milton is the CEO of Baker, a cannabis industry software platform that connects dispensaries and customers with ordering systems, loyalty programs and message services. Baker operates in 175 dispensaries in seven U.S. states and Ontario.

In an interview with online publisher Westword, Milton reported huge sales gains across its network of users over the holidays.

From “Dispensaries Break Online Sales Records on Cyber Monday After a Very Green Friday” via Westword.

“Cyber Monday sales were up 70% from a ‘regular day’ while the average ticket price was up 230%.

According to Baker’s data, online orders went up 77 percent last week, when customers were using Baker’s loyalty program 65 percent more than they had in the previous two months.

On Black Friday, dispensaries across the state experienced almost twice the volume of a normal day.

Weed Wednesday saw 55 percent more orders than on a typical day and a 25 percent increase in the size of purchases, Milton notes. Baker also spotted a spike in concentrate sales.”

The spike in holiday sales is good news for the cannabis industry. Continue reading "Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday" →