Marijuana Stocks – Investing Your Green in Green!
There is no better time than the present to start making money. And if you are looking to diversify your portfolio, marijuana stocks may be your best bet in 2019. Colorado alone topped over $1 Billion dollars in less than one fiscal year. Yes, you heard me right, the State of Colorado took in over $1 Billion Dollars in revenue from weed sales in one year!
If that doesn’t sound like a sound investment, feel free to stick to your penny stocks. However, if you want to play with the big boys and turn your green into green, we have a few tips for investing in the marijuana stocks industry that might just allow you to trade that Toyota in for a Rolls Royce.
Independent studies by BDS Analytics and ArcView Market Research have shown an annual compound growth rate of 27% worldwide. Global sales are expected to easily top $30 billion dollars. And these numbers are expected to boom beyond expectations as more States and countries continue to legalize cannabis use.
Medical advancements with THC and CBD also show great promise in increased cannabis use and applications. And this means that lots of people are getting rich fast. This is one train you want to hop on now. Investment-wise it really is a no-brainer. So, what do you need to know about Marijuana Stocks? Let’s find out.
What You Need to Know as an Investor
Firstly, you will want to research the many different types of public stocks where you can invest your money. Secondly, it is a good idea you familiarize yourself with the different marijuana products on the market. And of course, the risk versus reward is the investor’s mantra. Although on the surface, the risk seems low, it is big business. Therefore, it is quintessential that you do your due diligence.
This industry is relatively new and booming wildly. It is important to watch out for the get rich quick schemes that always accompany successful businesses. Most stock investors prefer low dividends that go along with low-risk stocks. Of course, those who can afford to go big can see huge profits. But they also run the risk of big losses.
Where Can I Put My Money?
There are many aspects of the business that are highly profitable. Choosing the right one for you may be either a matter of knowledge of the specific field or knowledge of the Stock Market. Both require research and understanding before investing.
One of the most popular stocks for investors is in the companies of the Cannabis Growers. This is a huge market. Then there are the retailers and the wholesalers. These stocks are safe bets and have seen enormous and fast growth. You can also put your money in Cannabis Focused on Biotech and Pharmaceuticals. Medical marijuana studies are seeing more growth and investment than any other medicines or treatments. And finally, there are endless Ancillary Service and Product Providers.
These are auxiliary companies that provide support with all the many service-based needs of the growers and retailers. They include product based companies as well that provide hydroponic equipment, lighting, plant products and more. Service-based companies are also a good investment. These include management companies, law firms, packaging, transportation and the list goes on.
How About Some Stock Tips?
I know when I want to put my cash into something I need to see results and profits. As of 2019, there were numerous companies having surpassed the billion dollar mark. Let’s start with the marijuana growers and retailers that have broken the billion-dollar benchmark. Take a look at Canopy Growth Corporation, Aurora Cannabis, Cronos Group, Tilray, Green Thumb Industries, MedMen Industries and Hexo. These are all NYSE public stocks from companies each generating dollars in the billions.
If you’re more into the Biotech aspect of the business you will want to check out companies like GW Pharmaceuticals who topped nearly $6 billion dollars in revenue. And look into some up and comers that are raking in the dough like Corbus Pharmaceuticals, 22nd Century and Cara Therapeutics. These all look like solid companies to invest in.
And finally, for a few Ancillary Providers that are hot. ETFMG Alternative Harvest ETF, KushCo Holdings, Neptune Wellness Solutions, Namaste Technologies and Scotts Miracle Grow are all booming. Any of these American based companies look like solid investments. But wait, there’s more (Go North!)
Oh, Canada
You now know of the many multi-billion dollar companies in the States and on the NYSE. The US now boasts around a dozen States that have legalized recreational marijuana. Canada completely legalized cannabis only last year. My hot tip for you all is to do the research. Canada is poised to start making big bucks.
Getting in on the ground floor of a grow operation that has the government’s blessing could be just the Lottery Ticket, I mean sound stock investment, you have been looking for. And remember “Buy Low, Sell High.” And we mean that both literally and figuratively. Good luck and enjoy buying your first private jet!