top of page
SA Landraces with Cannabis Plants. and species-min.png

CANNABIS INDUSTRY 

BREAKING  NEWS

What’s the Smart Money Doing? Buying Cannabis and Selling Uranium

What’s the Smart Money Doing? Buying Cannabis and Selling Uranium

Petri Redelinghuys of Herenya Capital writes in a Business Day ‘Brokers Report’ that the financial climate around cannabis in the US is shifting and now might be the right time to invest. And by the way, lighten up on your uranium holdings.

Petri Redelinghuys, Herenya Capital

2 October 2023 at 10:30:00

This report first published in Business Day, 28 September 2023.


BUY: AdvisorShares Pure US Cannabis ETF (MSOS)


The puns were legion when cannabis companies started listing in the US. Early cannabis investors, however, have not enjoyed many highs since. Yet the lighter of hope might bring a new ember to the bowl of investment returns. OK, I’ll stop with the jokes. In all seriousness, there are a few reasons we like MSOS. First, the legalisation of cannabis was one of the Biden administration’s election campaign promises. Second, the HOPE Act is looking to address limitations placed on individuals with prior convictions for possession of marijuana. And third, the SAFE Banking Act looks to address issues that cannabis companies have with making and receiving payments for the sale and trade of cannabis, as there are federal impediments within the banking sector due to the plant’s schedule 1 drug status. For these reasons, we really like MSOS for a new long position. It has been absolutely hammered and we think there is much upside to be had.


SELL: Sprott Uranium Miners ETF (URNM)


We should start with a caveat. This is not an out-and-out sell recommendation, but rather a recommendation to trim. We initiated a buy here in late 2021 and are still holding the ETF for the long term. It has just recently started testing historic highs again and we feel it is a good time to bank some profits. Our recommendation is to keep the ETF, but to take some profit. In other words, close half of the position and let the rest sit for a while. Over the past few months uranium has run very hard and a pullback is likely.


#

Adults allowed to carry 25 gms of cannabis and grow three plants at home

Mass Brandenburg Gate ‘Smoke In’ Heralds Part Legalization of Cannabis in Germany

Adults allowed to carry 25 gms of cannabis and grow three plants at home

King Kong Secures Rwanda’s First Medical Cannabis Export License

Lack of regulatory framework is preventing the fiscus from cashing in on the cannabis industry

SARS Earns Crumbs From Cannabis: Only R6,3 M in 2021/22

Lack of regulatory framework is preventing the fiscus from cashing in on the cannabis industry

5.cannabiz-africa Hemp -min.png

Cannabis in South Africa: The People’s Plant

We are a civil society organisation with the interests of the existing Cannabis industry and the Human Rights of ALL citizens at heart.

WE’RE BRINGING A NEW STANDARD

We are more than just a cannabis retail company. We are about a lifestyle that promotes vitality, balance & good health.

Resources & Equipment

Explore cannabis growing equipment for growing weed at home. 

Whether you’re just starting out, or you’re looking to enhance your outdoor or indoor weed grow setup – we have the perfect range of cannabis growing equipment to match your marijuana growing ambitions. 

Find everything from LED grow lights, grow tents, fans, and hydroponic setups, to environmental equipment and controls, harvesting accessories, extraction equipment and plenty more. 

Design your ideal cannabis growing setup with high quality growing equipment available in South Africa. 

Explore cannabis growing equipment we’ve curated from reliable online suppliers in South Africa

bottom of page