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Home Canada

3 Pot Stocks Covered on Jim Cramer’s July 24th Mad Money Lightening Round

Steven Lachard by Steven Lachard
July 25, 2018
in Canada, Marijuana Stocks, Trading, United States
Jim Cramer - Mad Money Coverage of Marijuana Stocks

Photo Credit - Tulane Public Relations

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On last night’s episode of Jim Cramer’s Mad Money, marijuana stocks got a lot of coverage. In the lightening round segment of the show, Cramer gave his opinions on three widely known pot stocks. With thousands of viewers tuning in to watch, we believe Cramer’s opinions to be market-moving (even if they’re wrong).

Initially, Cramer was giving his thoughts onย Scotts Miracle-Gro Company (NYSE:SMG), but ended up giving his opinion on two other names.

When asked about Scotts Miracle-Gro, Cramer responded:

“They keep screwing it up. And therefore, I think that it’s absolutely right that it’s lower. And you know what? I know people were playing it as a pot play. We’ve got real pot plays now, and the one that I still like is GW Pharma, but I also think Canopy Growth is good and, you know, I’m keeping track of the whole group.”

Essentially, Cramer thinks that Scotts is no longer the “pot play” of choice, and that investors should move their attention to “real pot plays now.”

Jim Cramer’s Cannabis Recommendations:

Canopy Growth Corp. (NYSE:CGC) (TSX:WEED) – WATCH

GW Pharmaceuticals Plc. (NASDAQ:GWPH) – BULLISH

Scotts Miracle-Gro Company (NYSE:SMG) – BEARISH

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Tags: Canopy Growth Corp.GW Pharmaceuticals Plc.Jim Cramerlicensed producerLightening RoundMad MoneyNASDAQ:GWPHNYSE:CGCNYSE:SMGScotts Miracle-Gro CompanyTSX:WEED

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Steven Lachard

Steven Lachard

Steven Lachard is a staff writer for MJobserver.com with a particular focus on marijuana stocks. Beyond MJobserver.com, Steven's pot stock insights have been featured on TalkMarkets.com and more.

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  1. Pingback: Cramer Says Canopy Growth is Waiting on Catalysts | The Daily Marijuana Observer
  2. Pingback: Hagedorn Family Holding Company Sells Off Nearly $3.5 Million Worth of SMG | The Daily Marijuana Observer
  3. Pingback: 4 Big Investment Banks that Raised Millions for GW Pharmaceuticals | The Daily Marijuana Observer

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