There’s no shortage of ways to make money on the stock market.
Are you looking for a new and exciting batch of stocks to invest in? It’s time you consider investing in marijuana.
Marijuana is the common term for the cannabis plant. Though it remains a schedule I drug on the federal level, marijuana is becoming increasingly accessible in America and the world.
In fact, recreational marijuana is legal in nine states and medical marijuana is legal in 29 states. The legalization of marijuana has not only impacted everyday people, but also the economy. The marijuana industry earned $9 billion in 2017 and experts predict it will surpass $21 billion in three years.
Marijuana’s recent legalization in California suggests those numbers will only go up. Many investors are hungry to capitalize on this hot product.
Are you looking at investing in marijuana? Wondering where to start? Here’s your ultimate guide to making this lucrative investment.
Why You Should Invest
There’s no denying that marijuana has a checkered past in America.
For decades, the public characterized it as a dangerous drug on par with heroin and meth. However, public sentiment and legal boundaries are changing.
Marijuana is one of the fast-growing industries in the United States. Behind this meteoric rise is a wealth of new products.
Modern dispensaries offer a number of new products that come in a variety of forms. You can purchase things like edibles, gummies, and oils at dispensaries.
Marijuana is also growing thanks to its medical use. CBD oil, for example, is an increasingly popular treatment for neurodegenerative diseases like Alzheimer’s and Parkinson’s. Consumers associate marijuana more with healthy living than ever before.
The popularity, accessibility, and profits of marijuana make it an alluring investment. The best marijuana stocks are for anyone looking to make big gains.
Investing in Marijuana
You know marijuana has great investment potential. But how can you invest in marijuana stocks?
The marijuana market is still very much in its infancy. The marketplace is mostly made up of small businesses that have low volume. That means that it’s hard to find big players in the stock market.
As a result, many investors turn to smaller companies backed by venture capitalists. These off-market exchanges are less regulated and therefore riskier.
Instead, look to invest in the best marijuana stocks. These include stocks that have a stake in the marijuana industry.
You should look to biopharma companies, cannabis ETFs, and the few pure marijuana stocks that are available. Once you settle on a stock, you can turn to an online broker to start making trades.
Marijuana may still be federally illegal. But one country recently approved marijuana legalization on a federal legal.
After years of legislation, Canada is set to legalize marijuana nationwide in late 2018. At that time, Canadian citizens can purchase recreational marijuana.
This legislation could have a big impact on investors in North America. The Horizons Medical Marijuana Life Sciences ETF is already trading on the Toronto Stock Exchange.
The ETF encompasses many Canadian marijuana companies. Moving forward, we can expect more investment opportunities to come from our neighbors to the north. You can learn more about finding the best marijuana stocks in Canada.
Are you looking for the best marijuana stocks to invest in today? You might want to consider AbbVie Inc.
AbbVie is a pharmaceutical company with a stake in marijuana. Their medical marijuana drug, Marinol, is already on the market. Cancer victims use this FDA approved drug to alleviate their pain and symptoms.
AbbVie operates on the New York Stock Exchange. The ABBV stock has seen slow revenue increases over the last several years.
This pharmaceutical company offers conservative investors a safe way to enter the marketplace. It has a stake in marijuana without exclusive ties to the drug. AbbVie is also comfortable for American investors who look to the U.S. market.
INSYS Therapeutics, Inc.
Modern investors shouldn’t only look at marijuana stocks. They should also look into biotech.
This emerging field of study uses living systems to develop drugs and medicine. INSYS Therapeutics offers the best of both worlds for those looking to invest in marijuana and biotech.
INSYS is developing a synthetic cannabis drug to treat childhood epilepsy. Though their shares have been volatile, they’ve still been a profitable company.
INSYS is an easy stock to invest in because it’s price usually fluctuates between $5-$15. You can enter the market without breaking the bank, while also betting on the bright future of biotech and marijuana stocks.
Aphria Inc. & Cronos
The best marijuana stocks aren’t only in the U.S. Case in point: Aphria Inc.
Aphria Inc. is a company that produces, sells, and supplies medical cannabis in Canada. The stock is experiencing a meteoric rise on the market. It’s gone up several hundred percents since opening on the stock exchange in 2015.
Cronos is another Canadian stock ripe with potential. This company recently moved from the OTC market to the Nasdaq in early 2018. It was also the first OTC listed marijuana stock to ever list on the Nasdaq.
It experienced a rough start, dropping by several percentage points on its first day on the Nasdaq. However, Cronos has diversified operations that give it a bright future.
Cronos has operations in North America, Europe, and Australia. Moving forward, keep this Canadian company on your watch list.
The Best Marijuana Stocks
Marijuana stocks may be new. But that doesn’t mean they don’t have huge upside and potential.
These stocks are only a few of the options you have to invest in marijuana. Keep your eye on emerging stocks in the coming years. There’s opportunity whether you’re looking to take advantage of recreational cannabis or medical marijuana.
Investing in marijuana has never been this accessible. However, it’s important to treat your marijuana investment like any other investment. Do your research and diversify your portfolio to make the most of your investment.
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