November Is A Most Dangerous Month For Marijuana Investors
Summary
The marijuana stocks in the U.S. and Canada are setting themselves up for a "buy on mystery, sell on history" trade but for different reasons.
In the U.S., there are four state medical marijuana and five state recreational marijuana legalization votes coming up November 8th including the legalization of recreational marijuana in California.
In Canada, the report from a Government appointed task force is scheduled to be released in November that will provide the template for the country to legalize recreational marijuana.
From May to October 2016, the U.S. marijuana stocks are up 95% and Canadian cannabis stocks are up 51% so there's a lot of good news built into stock prices.
I think this sets the stage for a correction in both groups of marijuana stocks in the November - December period. So a little caution might be prudent.
November is
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