Last week was crazy for all sorts of reasons…
Bitcoin hit $16,000 - the highest level since 2018.
The JSE rallied over 7%.
Covid-19 cases spiked in the US and Europe forcing new lockdown measures.
However, the main focus on everybody's mind was the highly anticipated US elections on Tuesday.
Although the election may still be contested (due to Trump's legal challenges), there... ››› more
It's no secret that the marijuana industry is one of the hottest and fastest growing sectors right now.
In 2018, the legal marijuana industry grew to $10.4 billion in the US.
Despite the massive growth, a big challenges exists…
Marijuana is still illegal on a federal level. However, this isn't stopping US states from legalising medical and recreational marijuana.
Right now, 10 ... ››› more
If you preached about marijuana legalisation 20 years ago, you probably would've been called a “stoner” or a “druggie”.
Not to mention, you would've heard some stories “that smoking marijuana kills you”.
But isn't the world a funny place?
Fast-forward to today and this narrative has dramatically changed. Extensive research has proved that marijuana can help with various ill... ››› more
Last year, there was a big change to legislation in numerous states in the US. Colorado was the first to bring in the legalisation of medical marijuana.
This may come as a surprise if you weren't aware of this development, but the US government benefits in the forms of taxes. Plus, people suffering from a host of chronic illnesses also benefit from it.
So what are the benefits of medical mar... ››› more
On Saturday, Washington in the US saw its first marijuana auction.
Washington is one of the first US states to legalise the medicinal and recreational use of marijuana. The US government gets its cut through taxes.
Let's take a closer look at what went on at the auction…
Legal marijuana auctions could become more popular
At the weekend, Fireweed Farms of Prosser sold around 136kg ... ››› more
In January, the US saw its first state legalise the recreational use of marijuana. Washington quickly followed suit.
With this legalisation of the use of marijuana comes stocks that specialise in the drug.
And it looks like there's big profits to make from the cream of the marijuana stocks.
Let's take a closer look at what's going on…
The marijuana industry is showing rapid growth... ››› more
Since the beginning of the year, there has been an investment ‘haze' drifting over the US….
In January, Colorado kicked off as the first state to legalise medical marijuana. Now this has rolled out to 22 states, with others sure to follow.
And Colorado and Washington weren't just content with medical marijuana. These states have now legalised recreational use.
The catch? Hefty taxes ... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.