This is Why Cannabis Stocks are Racing to Higher Highs

These stocks could race higher as we near elections These stocks could race higher as we near elections                                                                                                      [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, Just a few weeks ago, we noted: “Cannabis stocks have been explosive. All thanks to legalization in Germany, the addition of a cannabis vote in Florida, growing approval ratings in polls, and speculation it could be favorably mentioned in the election. According to the Pew Research Center, about nine in 10 Americans (88%) said that cannabis should be legal for medical or recreational use.” With that, we highlighted related stocks, such as Canopy Growth (SYM: CGC), Aurora Cannabis (SYM: ACB), and ETFs such as the Advisor Shares Pure US Cannabis ETF (SYM: MSOS) and ETFMG Alternative Harvest ETF (SYM: MJ). Then, we got news that the US DEA will reschedule cannabis as a less dangerous drug. In fact, according to the Associated Press, it now “clears the last significant regulatory hurdle before the agency’s biggest policy change in more than 50 years can take effect.” They added, “Today, the Attorney General circulated a proposal to reclassify marijuana from Schedule I to Schedule III,” Justice Department director of public affairs Xochitl Hinojosa said in a statement. The DEA is a component of the Department of Justice. “Once published by the Federal Register, it will initiate a formal rulemaking process as prescribed by Congress in the Controlled Substances Act.” --------------------------------------------------------------- Company: Canopy Growth (SYM: CGC) With that news, Canopy Growth ran from about $8.20 to a high of $14.92. Now back to $9.07, we believe it could push even higher heading into the elections. --------------------------------------------------------------- Huge Alerts[The Gold Rush Is BACK]([money/gold]( A unique business model could elevate gold-focused company to unprecedented heights in 2024. Gold has been on a tear this year. The yellow metal has hit an all-time high of $2,4231.29 recently and the rally could be far from over. From central banks to even Costco customers, it seems everyone is buying gold these days. With Wall Street watching the gold space carefully, now is a perfect time to put this stock on your radar. [Get the stock ticker here!]( --------------------------------------------------------------- Company: Aurora Cannabis (SYM: ACB) Aurora Cannabis ran from $6.20 to $9.35. It’s now back to $6.42. --------------------------------------------------------------- TradeSmith[The A.I. Story Nobody is Telling You (Read ASAP)]( [ai](There’s been a lot of buzz surrounding A.I. over the past couple of years – but there’s only ONE story you should be worried about. Whether you have $500 or $500,000, this radical new A.I. Innovation will have a direct impact on your wealth. [Click here to learn more.]( --------------------------------------------------------------- ETFs: Advisor Shares Pure US Cannabis ETF (SYM: MSOS), ETFMG Alternative Harvest ETF (SYM: MJ) The MSOS ETF ran from about $8.50 to a high of $11.37. It’s now back to $9.10 and could push higher, as well. With the MJ ETF, it ran from $3.80 to a high of $4.80. It’s now back to $4.05 and could also race higher as we near the elections. With a good deal of catalysts ahead – like the elections – each could gain more momentum. --------------------------------------------------------------- Stock Alert Daily[4 Under-the-Radar Stocks for May]( The Nasdaq is home to some of the world’s most dynamic and forward-thinking companies. It contains many hidden treasures: undervalued and under-the-radar stocks with explosive upside potential. By identifying these hidden treasures early - investors could potentially rake in significant gains as those companies become more widely-known. [Claim your free report now to see our list of 4 Under-the-Radar Nasdaq stocks – each trading at $5 or less!]( (By clicking the links above, you agree to receive emails from us and our partners. You can opt out at any time) --------------------------------------------------------------- [Join Daily Guru Trades!]( Want more free daily trades in your inbox? 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