Cannabis Watchlist: Planet 13 Holdings’ California Plan Will Fuel Stock Higher – Money and Markets

The cannabis market got a nice shot in the arm after the results of the 2020 presidential election.

It multiplied last week when Georgia voters flipped the U.S. Senate from Republican to Democrat-controlled.

I’ll talk more about the politics of cannabis in my next Marijuana Market Update later this week.

But one thing that’s happened is that cannabis stocks have jumped in value.

Our new Cannabis Watchlist company has been part of that rise and will continue to provide investors, like you, with profits into 2021.

Before I reveal the company, though, you need to understand something about the cannabis industry as a whole.

The Rise of Cannabis Stocks

Cannabis stocks hit a bottom in March, rebounded, then inched back down again.

You can see that in the chart below of The Cannabis ETF (NYSE: THCX), a basket of cannabis stocks including GrowGeneration Corp., Aphria Inc. and Aurora Cannabis Inc.

That fall lasted until November 4.

Since the day after the 2020 presidential election, shares of THCX have jumped to a new 52-week high as of last week.

THCX: +64.5% Since 2020 Election Day

That has left it a little difficult to find a cannabis stock that isn’t on the border of being overvalued.

However, with cannabis stocks (as I’ve told you before), they can’t be judged the same as traditional stocks.

So, I dug, and I researched, and I found the newest addition to our Cannabis Watchlist.

Planet 13: The Cannabis Superstore

Our new addition to the Watchlist is Planet 13 Holdings Inc. (OTC: PLNHF).

I’ve talked about this company before in my Marijuana Market Update on our YouTube channel in videos titled:

Planet 13 has branched out from where it started in Nevada and obtained a license to sell recreational marijuana in California.

This will provide

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