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Cannabis stocks are getting mad

There is a new craze in the stock market – cannabis.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm type" = "text" content = "In recent weeks, Tilray's actions ( TLRY ), a Canadian cannabis company, have become a fascination for investors as the stock has gained over 700% since it priced $ 17 during the July IPO. "Date -reactid = "12"> In recent weeks, shares in Tilray (TLRY), a Canadian cannabis company, have become a fascination for investors as the stock has gained over 700% since it was priced at $ 17 during the IPO of July.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In early trading on Wednesday, Tilray shares they grew by more than 40% after company CEO Brendan Kennedy stated on Mad Money of CNBC that cannabis is a "cover" for pharmaceutical companies and investors because it can replace prescription opioids and other painkillers, more than doubled in the last week. "data-reactid =" 13 "> In early trading on Wednesday, Tilray's shares grew more than 40% after company CEO Brendan Kennedy declared on CNBC's Mad Money, cannabis is a "cover" for pharmaceutical companies and investors because it can replace prescription opioids and other painkillers. The title is now more than doubled in the last week.

Tilray shares have exploded in price in the last month, giving the company a market value of over $ 18 billion. (Source: Yahoo Finance)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Kennedy also claimed that all alcohol companies should be in the cannabis space to protect their business. & Nbsp; Tuesday, Tilray shares increased 29% & nbsp; after the company has received DEA approval to import cannabis into the United States for medical research ". data-reactid = "25"> Kennedy also claimed that all companies producing alcohol should be in the cannabis space to protect their business too. On Tuesday, Tilray shares rose 29% after the company received DEA approval to import cannabis into the United States for medical research.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "With the last move, the Tilray's market capitalization now exceeds $ 18 billion, giving the company an assessment that exceeds that of Molson Coors ( TAP ), Conagra ( CAG ), and JM Smucker ( SJM ). "Data-reactid =" 26 "> With the latest move, Tilray's market capitalization now exceeds $ 18 billion, giving the company an assessment that exceeds that of Molson Coors ( TAP), Conagra (CAG) and JM Smucker (SJM).

This type of equity moves also confirm that when it comes to widespread speculation among investors to find the next big thing, cannabis is the new blockchain.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Citron Research, managed by the seller Andrew Left, said Wednesday that, " The move in Tilray is beyond comprehension: nobody needs a market expert to explain it: this is just the dynamics of low-cost securities trading" . & Nbsp; Citron added that Tilray is short and will maintain a manageable position up to rationality. "" data-reactid = "28"> Citron Research, managed by the street vendor Andrew Left, said Wednesday that, " The move in Tilray is beyond understanding." Nobody needs an expert market to explain it: this is only the dynamics of low-cost securities trading ". Citron added that Tilray is short and will maintain a "manageable position until rationality is triggered".

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "At the beginning of this month, Citron had said Tilray's post-IPO peak showed retail investors going crazy and that the company wanted short-term action, since then Tilray's shares have almost tripled. " data-reactid = "29"> At the beginning of this month, Citron had said The peak post-IPO of Tilray showed that retail investors were going crazy and that the company he wanted short actions. Since then, Tilray's shares have roughly tripled.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "At the end of last year, a number of companies have seen their stock prices rise dramatically after having "pivoted on the blockchain" the most infamously famous among them Blockchain long & lt; LBCC ), which previously he had been a drinks distributor called Long Island Iced Tea, but in December he said he would move his business to blockchain technology, with an increase of almost 200% in a single day. " data-reactid = "30"> At the end of last year, a number of companies saw their stock prices rise dramatically after "stuck on the blockchain", the most infamous Long Blockchain (LBCC), which was previously was a drinks distributor called Long Island Iced Tea, but in December he said he would move his business to blockchain technology. This shipment increased almost 200% in one day.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "And on Yahoo Finance live show The Final Round of January executives of Helios & Matheson ( HMNY ) – owner of the MoviePass flapping movie service – said they were considering an ICO and looking at blockchain technologies, & nbsp a statement that sent the company's shares to over 30% in a single day. "data-reactid =" 31 "> And on the daily live show of Yahoo Finance The Final Round in January, the executives of Helios & Matheson (HMNY) – which holds the MoviePass fake movie service – said they would consider an ICO and examine blockchain technologies, a statement that sent shares of that company over 30% in a single day.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – -sm" type = "text" content = "At that point in the blockchain madness, even the suggestion that a company was exploring an initial supply of coins and attacking a blockchain-type initiative on any business, would see investors excited about a stock.This dynamic has gone away as the price of bitcoin ( BTC-USD ) and other cryptocurrencies crashed this year. "Data-reactid =" 32 "> At that point in the blockchain madness, also the suggestion that a company was exploring an initial offer of coins and attacking a blockchain-type initiative on any business, would see investors excited about a stock. This dynamic has faded when the price of bitcoin (BTC-USD) and other cryptocurrencies crashed this year

But cannabis is not encrypted

Unlike the widely speculative prospects of the blockchain that redefine the way where we exchange money and information, it is something real when it comes to cannabis companies even if the craze among investors was similar to that seen around cryptocurrencies at the end of last year.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) –sm Mt (0.8em) – sm" type = "text" content = "Late last month, Canopy Growth ( CGC ) received an investment of $ 4 billion from the beverage giant Constellation Marchi ( STZ ). The managing director of Constellation Rob Sands stated: " In the last year, we have come to better understand the cannabis market, the tremendous growth opportunities it presents and Canopy's leadership capabilities in this space. "" data-reactid = "35"> At the end of last month, Canopy Growth (CG C) received an investment of $ 4 billion from the beverage giant Constellation Brands (STZ). Constellation CEO Rob Sands said: " Over the past year, we have come to better understand the cannabis market, the tremendous growth opportunities it presents and Canopy's capabilities in this area. "

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "At the beginning of this week, the Canadian trade network BNN Bloomberg reported that Coca-Cola ( KO ) had held talks with Aurora Cannabis ( ACBFF ) for the development of drinks.Cheke more he later said in a statement that he was "observing carefully" the space but that he had not made any investment decisions regarding cannabis. & nbsp; This news pushed the shares of Aurora, Canopy and Tilray higher. "data-reactid = "36"> At the start of this week, the Canadian trade network BNN Bloomberg reported that Coca-Cola (KO) had held talks with Aurora Cannabis (ACBFF) for beverage development. Coca-Cola later said in a statement that he was "closely observing" the space but that he had made no investment decisions regarding cannabis. This news pushed the shares of Aurora, Canopy and Tilray higher.

And with so much enthusiasm for these titles and so much attention to the industry, the share price Aurora, Canopy and Tilray is simply a function of the demand that exceeds the supply. As Citron said, no one needs a market expert to explain it.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Perspectives and support for Medical use of marijuana is well known, with a survey on Yahoo News / Marist of the last year which found that the 83% of US adults supports the legalization of medical marijuana. same survey indicated that 49% of Americans support the legalization of marijuana for recreational use, while 47% oppose it "data-reactid =" 42 "> Perspectives and support for medical use of marijuana are well known, with a survey by Yahoo News / Marist the last year found that 83% of US adults support the legalization of medical marijuana. The same survey indicated that 49% of Americans support the legalization of marijuana for recreational use, while 47% oppose this.

The discussion on the legalization of marijuana and the commercial opportunities surrounding this space are certainly not new for 2018 It is only now that investors are turning this conversation into a mania reflected in a few titles with sufficient presence on the market to make news on the financial media.

And action in cannabis stocks should remind investors that for all the concerns expressed by Wall Street on trade, the Trump presidency and the state of the global economy, there is still much energy irrational ready to be unleashed in the markets.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" date -reactid = "45">

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Myles Udland is a writer of Yahoo Finance Follow him on Twitter & nbsp; @MylesUdland " data-reactid = "46"> Myles Udland is a writer of Yahoo Finance Follow him on Twitter @MylesUdland [19659013]

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