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These 5 Cannabis Stocks Are Beating The Stock Market By 221% In 2018

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Cannabis stocks are on fire. The United States Marijuana Index gained over 71% in the first few months of 2018. Marijuana has started to gain acceptance, with nearly 30 states in the United States legalizing it in some form.

The Canadian government is set to legalize the drug on October 17 this year. With global spending on legal cannabis estimated to reach a whopping $32B in 2020, up from $9.5B in 2017, marijuana stocks are poised to gain big time.

Here are the top cannabis stocks that have performed exceptionally well this year.

1. Canopy Growth

Canopy Growth [CGC] holds the title of being the first publicly traded Cannabis Company in North America. It has an international presence and is also listed on the Toronto Stock Exchange.

The stock was an average performer for the first half of 2018, floating between $25 to $26. But since the first week of August this year, the stock price has seen a surge. It is currently priced at $49.78 as of last week.

Canopy is one of the major players in this space with almost 3.2 million square feet of production capacity. The firm has licensed production sites in 7 out of 10 Canadian provinces. Last year, Constellation [STZ] brands acquired a 9.9% stake in Canopy to develop cannabis-based beverages.

Market Cap: 11.30B

YTD Gain: 126%

Total Gain in $ for 2018: $5.9B

2. Tilray

Tilray [TLRY] was founded early this year, and was listed on the NASDAQ on July 19. The stock has gained 450% since it hit the market, and is currently trading at $123. This is despite a 30% decline on September 21.

Analysts believe Tilray is set to benefit as Canada prepares to open the recreational marijuana market within the next month. It also became the first company to supply cannabis oils and related products in Germany, which will boost overseas revenue as well.

Tilray has a facility in Portugal that will be used as a distribution hub for European countries.

Market Cap: 11.45B

YTD Gain: 450%

Total Gain in $ for 2018: $9.35B

3. Cronos Group

Shares of Cronos Group (CRON) are up over 61% this year. The company recently announced a partnership with Aleafia Health to evaluate if cannabis can be used for the treatment of insomnia and daytime drowsiness.

Cronos recently inked a deal with Ginkgo Bioworks, a partnership that’s expected to bring huge benefits for the medical marijuana industry. Basking under the deal, the company’s stock price has also seen a climb.

Market Cap: 2.17B

YTD Gain: 61%

Total Gain in $ for 2018: $822M

4. MariMed

Shares of the OTC (over the counter) marijuana stock, MariMed [MRMD] have gained a mind-boggling 600% in the last 12 months. This small-cap cannabis stock is both an expert landlord that provides legal and technical know how to growers as well as a producer of premium cannabis products.

It has cannabis facilities in five states across the US, and has expanded its product line over the last year.

Market Cap: 681.35M

YTD Gain: 353%

Total Gain in $ for 2018: $531M

5. Aurora Cannabis

Aurora Cannabis [ACBFF] is another large-cap player in the marijuana market. It is one of the most popular cannabis companies. The company might be listed on a leading US exchange as early as October 2018.

Last week, market chatter highlighted that Aurora Cannabis was in talks with Coca-Cola [KO] to develop cannabis-infused beverages. This drove the stock 18% higher on September 17.

Market Cap: $9.4B

YTD Gain: 32%

Total Gain in $ for 2018: $2.2B

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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This Mogul Became America’s 1st Black Billion-Dollar Businesswoman

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Sheila Johnson.

Where to start?

She’s the first black billion-dollar businesswoman. Before Oprah Winfrey.

She started as a TV executive, founding Black Entertainment Television (BET), the first TV network targeting African Americans. She then became a real estate mogul.

Oh, she also owns a stake in three major sports franchises, the NBA Wizards, NHL Capitals and the WNBA Mystics, the African American, period, to boast that claim.

In honor of Black History Month, let’s dive into her remarkable career.

FAST FACTS:

  • Born Sheila Crump in McKeesport, Pennsylvania, Johnson co-founded BET in 1979 with then-husband Robert Johnson. The couple sold it to Viacom in 2000 for $2.9B
  • Sheila Crump Johnson became the first African American woman on the Forbes’ Billionaire list in 2000—beating Oprah Winfrey to the distinction.
  • Per Forbes, Johnson has an $820M net worth as of 2019

 GIPHY

Foray into real estate…

After closing the sale to Viacom, Robert and Sheila pocketed around $1.5B each. Johnson used that windfall as seed money to build a hospitality real estate empire in 2005.

“There’s a disparity in paychecks between whites and blacks,” she told the Wall Street Journal. “I will never forget that.”

As CEO of Salamander Hotels and Resorts, Sheila controls a spectacular portfolio of six luxury hotels in Florida, Virginia and South Carolina. And she’s built it from the ground up—literally—in her own spirit.

“I’ve been to many hotels, not only in the US, but all over the world,” she told Forbes last year. “And I wanted to find something that was going to really make Salamander stand out beyond all of these hotels.”

So what does that mean?

“You have to understand, there are a lot of people, investment companies, with very deep pockets,” she says. “They can do it, but they don’t have the experiences that we’re able to bring. I am constantly trying to find a way to help Salamander Resort & Spa stand out head over heels above any other hotel — not only in the area, but in the nation.

“I want them to leave that resort wanting to come back and not just say, ‘I’ll be back in six months.’ I want them to come back all the time.”

And so far it’s worked. In fact, on Forbes Travel Guide’s 61st list of Star-Rated hotels, Johnson’s Salamander Resort & Spa outside of Washington, DC earned a Five-Star distinction.

Image Credit: Salamander Resort & Spa

Forbes: “Everything [she] touches turns to gold.”

That’s a real quote. From Forbes. Last year. It’s also true.

BET? Billion-dollar exit. Washington Capitals? Stanley Cup.

And Roma. Won 10 Oscars. Who showed it before a single soul started caring? Johnson’s Middleburg Film Festival. (Which, by the way, has 32 films and counting in Academy Award contention.)

Remember her golf resort at Innisbrook? Oh, yeah. Hosts the Valspar Championship, one of the PGA calendar’s most-anticipated tournaments.

Becoming a billionaire comes with a new level of clout as well. “When you don’t have money, you’re not invited to special events; you really don’t matter,” she told WSJ. “It’s a society thing.”

So instead, she’s turned to giving back. Her Sheila Johnson Fellowship’s paid for more then 40 scholarships at Harvard University for students who otherwise wouldn’t afford to attend.

Image result for sheila johnson"

Breaking glass ceilings. 

There’s an alarming statistic in business and diversity—especially as it pertains to women. According to research by investor Richard Kerby, 18% of all VCs are women—and only 3% are black. In addition, less than 50 black women ever have raised $1M in funding.

“When I got started,” Johnson says, “I couldn’t get a loan. I had to use my own money to get Salamander Resort and Spa.”

She explained to WSJ last year that men can go to any bank with a bank proposal. And no matter how “wacky” the idea is, she said, “they’re going to get the financing. Women do not have that ability.”

Johnson’s taken it upon herself to do something about that, becoming one of the founding partners of WE Capital, an investment firm that invests in female entrepreneurs.

“I started out in a very unique position where I had my own capital to be able to get started,” she says. “But there have got to be banks and investors that believe in helping women who want to be entrepreneurs in the hospitality business.

“And it’s just really, really important that they really take a look at this.”

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Money

VIDEO: How Far Does $150K A Year Get You In New York City?

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Source: HuffPost

No matter what metric or list you look at, it goes without saying: New York City is one of the most expensive places in the world to live in.

In this video, CNBC spoke to a Millennial who runs her own brand consulting agency and wants to #WealthHACK her way to retirement by 40.

She makes $150K a year. But how far does that actually get her? Check it out.

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