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Marijuana Stocks Just Keep Soaring Higher. But Even The Bulls See A Bubble: Pot In Coke: (MJ)

TedTed
in The Bullpen
FYI: ( Recently some MFO Members have considered or have actually invested in pot.)

Marijuana stocks are rising on a wave of giddy news. It started in August, when booze biggie Constellation Brands(STZ) agreed to add $4 billion to its investment in Canada’s lead weed company Canopy Growth (CGC). The hysteria got a new boost Monday, when Coca-Cola(KO) confirmed an interest in spiking sports drinks with cannabidiol, a soothing but non-psychoactive ingredient of marijuana. When Bloomberg reported that Coke’s partner could be the Canadian grower Aurora, shares of Aurora Cannabis(ACB.Canada) jumped 17%, to close Monday at 10 bucks Canadian.
Regards,
Ted
https://www.barrons.com/articles/more-tariffs-no-sweat-stocks-edge-higher-1537276161

M* Snapshot MJ:
https://www.morningstar.com/etfs/ARCX/MJ/quote.html
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