There's plenty of opportunity in the Cannabis space. But, first...
What is 420?
420 is slang in the cannabis cultures. It refers to smoking cannabis at 4:20 p.m. Of course, it also represents Friday, April 20, 2019 - which is the unofficial annual celebration for marijuana smokers.
Now that that is cleared up....
How to Invest in Cannabis
Cannabis was just one of the hot topics (Thursday April 17) during Cramer Live with Jim Cramer, TheStreet's Founder and Action Alerts Plus Portfolio Manager.
A little background: Canopy Growth Corp. (CGC - Get Report) confirmed plans to buy U.S.-based Acreage Holdings (ACRGF) Thursday (April 18, 2019) once and if cannabis is made federally legal in the United States in a deal that values the group at around $3.4 billion. TheStreet's London Bureau Chief writes, Canopy Growth Makes $3.4 Billion Play for U.S Cannabis Group Acreage Holdings
"Today we announce a complex transaction with a simple objective. Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists," said Canopy Growth CEO Bruce Linton. "By combining Acreage's management team, licenses and assets with Canopy Growth's intellectual property and brands, there will be tremendous value creation for both companies' shareholders."
Tilray, Constellation Brands and Cronos Group
Zev Fima, Action Alerts Plus Research Analyst stepped in today for host Katherine Ross.