Marijuana is becoming big business. Up until now, full-scale legalization of cannabis has been largely limited to international countries. One of the most notable pieces of news to move the marijuana market in 2018 was Canada lifting their prohibition on marijuana in October.
Since then, a mid-term election in the United States brought legalized recreational use for marijuana to additional states. And even more, states have legalized marijuana for medicinal purposes.
If you’re a retail investor, cannabis stocks may look like a speculative bubble that’s bound to burst. You may even be put off by the prospect of owning marijuana stocks. However, that doesn't have to be the case if you know what you're investing in. Rather than look at local hemp shops opening up the door for recreational users, look at the companies that are looking to find uses for cannabis in areas such as textiles and beverages. The idea of cannabis-infused energy drinks is not as far on the horizon as investors think. That means now is the critical time to look into the companies and stocks that are primed for a breakout. The companies that will thrive will have a quality product and high volume that will allow them to handle both the supply and demand side of the equation.
In this slide show, we’ll show you seven marijuana stocks that you shouldn’t ignore. These stocks run the gamut from the producer stocks (for those looking for a pure cannabis play), to “picks and shovel” and biopharma stocks that give investors a back door into pharma stocks.
Click the "Continue to Slide #1" button to view the first company.
