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Cannabis Scorecard: Top 5 Stocks Gained Over 15% This Month

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With cannabis stocks beating the stock market by a whopping 221% this year, the industry is riding a high. The United States Marijuana Index has gained over 160% in the last 12 months. With legal cannabis spending expected to rise to $32B in 2022, and Canada set to legalize cannabis usage tomorrow, it seems like a good time to invest in the world’s most popular recreational drug.

Here, we look at the top 5 marijuana stocks and their performance this month.

Canopy Growth

Marijuana stocks rallied yesterday after Canopy Growth [CGC] announced its acquisition of hemp companyĀ Evergreen. This acquisition will most likely help Canopy to expand into consumer products.

Shares of Canopy Growth surged 14% yesterday to close at $56.89.

Market Cap:Ā 13.09B

Gain in Oct.:Ā 17%

Total Gain in $ for 2018:Ā $7.6B

Tilray

Tilray [TLRY] was listed on NASDAQ in July this year and has been volatile since its IPO. The stock rose 11.7% yesterday to close at $165.64. Tilray was the first cannabis company to be listed on a major US exchange.

While Tilray has not ventured into recreational sales, it is a major player in the medical cannabis space. Tilray’s subsidiary (High Park Holdings) announced three new brands for the Canadian markets.

Market Cap:Ā 15.4B

Gain in Oct.:Ā 15%

Total Gain in $ for 2018:Ā $13.3B

Cronos Group

Shares of Cronos Group [CRON] climbed over 19% yesterday to close trading at $11.74. The company announced a partnership with a tech institute in Israel where researchers will look at the potential advantages of using cannabinoids products for skin and health related diseases.

Market Cap:Ā 2.1B

Gain in Oct.:Ā 5.6%

Total Gain in $ for 2018:Ā $720M

MariMed

MariMed [MRMD] has been one of the most attractive penny stocks. MariMed is traded over the counter and has risen from $0.37 to $4.86 in the last one year. MariMed reported revenue of $5M in the first half of 2018 and managed to generate impressive operating profits of $1.1M.

Market Cap:Ā 948.81M

Gain in Oct.:Ā 30%

Total Gain in $ for 2018:Ā 814M

Aurora Cannabis

Aurora Cannabis [ACBFF] is one of the bigger players in the cannabis space. The company will shortly begin trading on the New York Stock Exchange.

The stock rose a significant 11% yesterday to close trading at $11.68.

Market Cap:Ā 11.2B

Gain in Oct.:Ā 22%

Total Gain in $ for 2018: 3.9B

Business

How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) šŸ‘€

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. šŸ’Ž

You can check it out here.

Let me know what you think. šŸ˜Ž

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. šŸ‘€
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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Business

How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of ā€œofficeā€ and ā€œworkspaceā€ has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. šŸ“²

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the šŸ—)

So how did we get here?Ā 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms šŸ“ˆ
  • Add 1500+ new apartments to the portfolio šŸ¤‘
  • Grow to $300M in real estate šŸš€
  • 105% investor returns šŸŽ‰
  • 700K+ community members šŸ¤

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. šŸ”„

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. šŸ”„

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! šŸ—šŸ—šŸ—šŸ—

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. šŸ’µ šŸ’Ž

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. šŸ™Œ

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. šŸ”„

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Money

CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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