Beaten-down cryptocurrency XRP surges 80% in 24 hours, nearly triples in value on week

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When it comes to cannabis, we’ve come a long way since former President Bill Clinton denied ever inhaling. With the previous presidential administration’s frankness on the matter, marijuana has become more blasé. Naturally, marijuana stocks have also increased in popularity, where we have more choices today than was previously thought possible.

Of course, cannabis raises all kinds of images, and usually not positive ones. However, since legalized marijuana entered the mainstream consciousness, “green” companies offer a wide variety of services. For instance, some of the top marijuana stocks are levered toward medical cannabis. Recently, several companies have advantaged the vaporizer craze, offering a digital means to enjoy weed.

The obvious risk to this industry, though, is the legal basis. Despite a record number of states adopting legalization measures, the federal government still considers marijuana a Schedule I drug. Technically, the feds could crack down on the industry, and by logical deduction, the growing list of marijuana companies. That said, investors will likely only have to worry about market risk.

InvestorPlace — Stock Market News, Stock Advice & Trading Tips

First, putting a top on the industry will derail job growth. With President Donald Trump having few political allies, he desperately needs his economic cred. Doing anything to harm employment (no matter the source) is not part of that strategy. Second, American public sentiment dramatically favors legalization. As of October 2017, 64% of Americans believe weed should be legalized, as opposed to 34%. This is an exact public-opinion reversal from 14 years prior.

In other words, the future for the massive list of marijuana stocks is bright, and will only get brighter. Here are the top 30 sector picks:

#1 Top 30 List of Marijuana Stocks: AmeriCann Inc (ACAN)

Critics can’t deny it — the marijuana industry is booming. Currently, 30 statesallow cannabis for medicinal purposes, while nine permit recreational use. Only four states are completely draconian. As a result, numerous entrepreneurs have raced into this sector hoping to strike it rich.

But where does one get advice on an unprecedented industry? That’s where AmeriCann Inc (OTCMKTS:ACAN) comes in. Primarily a real estate and facilities services company, AmeriCann offers logistical and administrative support for “weedpreneurs.” In addition, ACAN has a licensing procurement division that specializes in winning lucrative cannabis licenses for their clients.

Like many top marijuana stocks, ACAN experienced volatility under the Trump administration. However, with key members backing away from their initial “law and order” stance, AmeriCann has demonstrated nearer-term momentum. Since the beginning of April, ACAN jumped over 61%.

Look for AmeriCann to continue delivering the goods as the industry grows.

#2 Top 30 List of Marijuana Stocks: Aurora Cannabis Inc (ACBFF)

America isn’t the only country that has made cannabis great again. Our friendly neighbor to the north has also dived into the botanical sector, as Canadian firm Aurora Cannabis Inc (OTCMKTS:ACBFF) proves.

Focusing on the industry’s medicinal side, Aurora specializes in delivering medical-grade cannabis products at affordable prices. True to their corporate ethos, Aurora offers flat-rate “compassionate” pricing, along with free shipping within Canada. Just as importantly, the company has a vast network of pro-cannabis medical doctors that patients can contact.

Similar to the long list of marijuana stocks, ACBFF got off to a rocky start in 2018. Year-to-date, shares are down nearly 28%. That’s the bad news. The good news is that since early April, ACBFF has stabilized.

Could this be the calm before the breakout storm? Given the overall enthusiasm toward this sector, don’t count out ACBFF.

#3 Top 30 List of Marijuana Stocks: American Cannabis Company Inc (AMMJ)

Starting a cannabis-related business can be a daunting task, particularly because few blueprints exist. American Cannabis Company Inc (OTCMKTS:AMMJ) makes this journey much more manageable. A consulting firm, American Cannabis is essentially an all-in-one shop for the budding entrepreneur.

Need help with license application and establishing your market? How about setting up a cultivation plant? American Cannabis levers multiple years of experience helping marijuana companies grow from the ground up. In addition to the setup phase, AMMJ offers branding and marketing services, as well as staffing solutions.

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  • XRP rose 80 percent Friday after struggling as one of the worst performing top cryptocurrencies this year.
  • Its market capitalization is now at roughly $26.8 billion, surpassing ethereum as the world’s second largest cryptocurrency, according to data from CoinMarketCap.com.
  • Investors are «buying the news» that payment company Ripple is close to launching a new product for banks that relies on the use of XRP, says Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital.
  • One of the worst performing cryptocurrencies this year is making a comeback.

    XRP rose more than 80 percent Friday to a high of 77 cents, bringing its gains this week to 185 percent, according to data from CoinMarketCap.com. Its market capitalization jumped to roughly $26.8 billion, surpassing ethereum as the world’s second most valuable cryptocurrency behind bitcoin.

    Often mistakenly called «Ripple,» XRP has fared the worst of the top cryptocurrencies this year. At one point this summer, it was downmore than 90 percent from the high.

    Ripple is a fintech company that focuses on global payments, and holds the majority of XRP the cryptocurrency. XRP is a cryptocurrency, independent of the company, that can be used on Ripple’s platforms.

    The upward move was spurred by rumors of a new product. An executive at Ripple told CNBC this week that the start-up was making headway with its xRapid product, aimed at helping banks speed up transactions by using the cryptocurrency XRP.

    «I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production,» Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple told CNBC Monday.

    Ripple describes its xRapid product as using XRP as «bridge» between currencies, which executives say allows payment providers and banks to process faster cross-border transactions.

    Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital pointed to the xRapid news as a positive for the cryptocurrency’s price recovery.

    «People are definitely buying the news,» he said. «This is another case of Ripple showing its dominance in real world relationships with financial companies, and yet another spike in XRP’s price because of it.»

    The company has struck deals with various high-profile financial institutions, including Santander and American Express. But those partnerships have so far been mostly focused on another product called xCurrent.

    Ripple’s Sarbhai said that more than 120 banks are currently partnered with Ripple, using the blockchain-based product xCurrent. Firms testing the product include money transfer giants Western Union and MoneyGram and payment upstarts MercuryFX, Viamericas and Cuallix.

    Ripple’s xCurrent is used by banks to settle international transactions and is used to confirm each stage of a cross-border payment in real-time, according to the company.

    This week, U.S. banking giant PNC announced it would use Ripple’s blockchain technology for cross-border transactions like wire transfers, but it won’t be using the cryptocurrency XRP.

    Despite the partnerships, XRP has a long way to recover to this year’s highs above $3.60 in January. It’s still down 66 percent from the beginning of the year.

    All of the top five cryptocurrencies were higher Friday. Bitcoin and ethereum were up 4 percent and 13 percent respectively. EOS rose 12 percent and bitcoin cash both was up 13 percent, according to CoinMarketCap.com.

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When it comes to cannabis, we’ve come a long way since former President Bill Clinton denied ever inhaling. With the previous presidential administration’s frankness on the matter, marijuana has become more blasé. Naturally, marijuana stocks have also increased in popularity, where we have more choices today than was previously thought possible.

Of course, cannabis raises all kinds of images, and usually not positive ones. However, since legalized marijuana entered the mainstream consciousness, “green” companies offer a wide variety of services. For instance, some of the top marijuana stocks are levered toward medical cannabis. Recently, several companies have advantaged the vaporizer craze, offering a digital means to enjoy weed.

The obvious risk to this industry, though, is the legal basis. Despite a record number of states adopting legalization measures, the federal government still considers marijuana a Schedule I drug. Technically, the feds could crack down on the industry, and by logical deduction, the growing list of marijuana companies. That said, investors will likely only have to worry about market risk.

InvestorPlace — Stock Market News, Stock Advice & Trading Tips

First, putting a top on the industry will derail job growth. With President Donald Trump having few political allies, he desperately needs his economic cred. Doing anything to harm employment (no matter the source) is not part of that strategy. Second, American public sentiment dramatically favors legalization. As of October 2017, 64% of Americans believe weed should be legalized, as opposed to 34%. This is an exact public-opinion reversal from 14 years prior.

In other words, the future for the massive list of marijuana stocks is bright, and will only get brighter. Here are the top 30 sector picks:

#1 Top 30 List of Marijuana Stocks: AmeriCann Inc (ACAN)

Critics can’t deny it — the marijuana industry is booming. Currently, 30 statesallow cannabis for medicinal purposes, while nine permit recreational use. Only four states are completely draconian. As a result, numerous entrepreneurs have raced into this sector hoping to strike it rich.

But where does one get advice on an unprecedented industry? That’s where AmeriCann Inc (OTCMKTS:ACAN) comes in. Primarily a real estate and facilities services company, AmeriCann offers logistical and administrative support for “weedpreneurs.” In addition, ACAN has a licensing procurement division that specializes in winning lucrative cannabis licenses for their clients.

Like many top marijuana stocks, ACAN experienced volatility under the Trump administration. However, with key members backing away from their initial “law and order” stance, AmeriCann has demonstrated nearer-term momentum. Since the beginning of April, ACAN jumped over 61%.

Look for AmeriCann to continue delivering the goods as the industry grows.

#2 Top 30 List of Marijuana Stocks: Aurora Cannabis Inc (ACBFF)

America isn’t the only country that has made cannabis great again. Our friendly neighbor to the north has also dived into the botanical sector, as Canadian firm Aurora Cannabis Inc (OTCMKTS:ACBFF) proves.

Focusing on the industry’s medicinal side, Aurora specializes in delivering medical-grade cannabis products at affordable prices. True to their corporate ethos, Aurora offers flat-rate “compassionate” pricing, along with free shipping within Canada. Just as importantly, the company has a vast network of pro-cannabis medical doctors that patients can contact.

Similar to the long list of marijuana stocks, ACBFF got off to a rocky start in 2018. Year-to-date, shares are down nearly 28%. That’s the bad news. The good news is that since early April, ACBFF has stabilized.

Could this be the calm before the breakout storm? Given the overall enthusiasm toward this sector, don’t count out ACBFF.

#3 Top 30 List of Marijuana Stocks: American Cannabis Company Inc (AMMJ)

Starting a cannabis-related business can be a daunting task, particularly because few blueprints exist. American Cannabis Company Inc (OTCMKTS:AMMJ) makes this journey much more manageable. A consulting firm, American Cannabis is essentially an all-in-one shop for the budding entrepreneur.

Need help with license application and establishing your market? How about setting up a cultivation plant? American Cannabis levers multiple years of experience helping marijuana companies grow from the ground up. In addition to the setup phase, AMMJ offers branding and marketing services, as well as staffing solutions.

[:fr]

When it comes to cannabis, we’ve come a long way since former President Bill Clinton denied ever inhaling. With the previous presidential administration’s frankness on the matter, marijuana has become more blasé. Naturally, marijuana stocks have also increased in popularity, where we have more choices today than was previously thought possible.

Of course, cannabis raises all kinds of images, and usually not positive ones. However, since legalized marijuana entered the mainstream consciousness, “green” companies offer a wide variety of services. For instance, some of the top marijuana stocks are levered toward medical cannabis. Recently, several companies have advantaged the vaporizer craze, offering a digital means to enjoy weed.

The obvious risk to this industry, though, is the legal basis. Despite a record number of states adopting legalization measures, the federal government still considers marijuana a Schedule I drug. Technically, the feds could crack down on the industry, and by logical deduction, the growing list of marijuana companies. That said, investors will likely only have to worry about market risk.

InvestorPlace — Stock Market News, Stock Advice & Trading Tips

First, putting a top on the industry will derail job growth. With President Donald Trump having few political allies, he desperately needs his economic cred. Doing anything to harm employment (no matter the source) is not part of that strategy. Second, American public sentiment dramatically favors legalization. As of October 2017, 64% of Americans believe weed should be legalized, as opposed to 34%. This is an exact public-opinion reversal from 14 years prior.

In other words, the future for the massive list of marijuana stocks is bright, and will only get brighter. Here are the top 30 sector picks:

#1 Top 30 List of Marijuana Stocks: AmeriCann Inc (ACAN)

Critics can’t deny it — the marijuana industry is booming. Currently, 30 statesallow cannabis for medicinal purposes, while nine permit recreational use. Only four states are completely draconian. As a result, numerous entrepreneurs have raced into this sector hoping to strike it rich.

But where does one get advice on an unprecedented industry? That’s where AmeriCann Inc (OTCMKTS:ACAN) comes in. Primarily a real estate and facilities services company, AmeriCann offers logistical and administrative support for “weedpreneurs.” In addition, ACAN has a licensing procurement division that specializes in winning lucrative cannabis licenses for their clients.

Like many top marijuana stocks, ACAN experienced volatility under the Trump administration. However, with key members backing away from their initial “law and order” stance, AmeriCann has demonstrated nearer-term momentum. Since the beginning of April, ACAN jumped over 61%.

Look for AmeriCann to continue delivering the goods as the industry grows.

#2 Top 30 List of Marijuana Stocks: Aurora Cannabis Inc (ACBFF)

America isn’t the only country that has made cannabis great again. Our friendly neighbor to the north has also dived into the botanical sector, as Canadian firm Aurora Cannabis Inc (OTCMKTS:ACBFF) proves.

Focusing on the industry’s medicinal side, Aurora specializes in delivering medical-grade cannabis products at affordable prices. True to their corporate ethos, Aurora offers flat-rate “compassionate” pricing, along with free shipping within Canada. Just as importantly, the company has a vast network of pro-cannabis medical doctors that patients can contact.

Similar to the long list of marijuana stocks, ACBFF got off to a rocky start in 2018. Year-to-date, shares are down nearly 28%. That’s the bad news. The good news is that since early April, ACBFF has stabilized.

Could this be the calm before the breakout storm? Given the overall enthusiasm toward this sector, don’t count out ACBFF.

#3 Top 30 List of Marijuana Stocks: American Cannabis Company Inc (AMMJ)

Starting a cannabis-related business can be a daunting task, particularly because few blueprints exist. American Cannabis Company Inc (OTCMKTS:AMMJ) makes this journey much more manageable. A consulting firm, American Cannabis is essentially an all-in-one shop for the budding entrepreneur.

Need help with license application and establishing your market? How about setting up a cultivation plant? American Cannabis levers multiple years of experience helping marijuana companies grow from the ground up. In addition to the setup phase, AMMJ offers branding and marketing services, as well as staffing solutions.

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