How To Profit With Marijuana Stocks
There is a modern gold rush going on and no one is talking about it. It is more accurately described as a green rush. Marijuana stocks are set to jump off the roof and make lots of people a lot of profits. Legal weed in California is just the beginning.
It is going to spread and spread fast to other states around the country. After all the governors see the tax benefits of legalizing recreational marijuana, the governments will see the light.
Now is the time to get educated and make moves to take advantage of everything.
Investing Abroad
Keep an eye on Canada and overseas as well. That is where a lot of the growth is going to come from. No pun intended.
Companies in the Great North and over in Europe are poised to grow more than other companies in the United States because the regulatory environment is more stable and the fundamentals of the market is better.
Even though stocks funds took a beating recently, along with the entire stock market, the marijuana sector is better poised than other sectors to make a strong comeback. Now is the time to buy low.
Demand for the product is not going anywhere and, in fact, is still projected to rise over the next few years. Ancillary businesses, including legal services for the industry and media companies that are looking for the ad dollars from cannabis to fund their activities.
CBD Products Grow in Popularity and Sales
What may be the most stable and growing sectors of the cannabis business are companies that specialize in making CBD products.
CBD is the derivative of the cannabis plant that doesn not contain THC, therefore does not get a person high.
The medicinal benefits of the CBD are well-founded and its anxiety reducing properties are being touted by many companies.
Marijuana Products Becoming More Accepted and Normalized
Former football players are jumping on the bandwagon of CBD companies as well, bringing with them marketing power and testimonials.
Many current and former football players use marijuana to deal with the physical pain and emotional strain of playing pro football.
As CBD products become more well-known and accepted, they are working with certain corporations to tout the benefits and tell their stories.
The normalization of this product by participants in the most American of games is good for the industry.
CBD Products Are a Good Alternative to Addictive Medications
One of the main benefits for football players is that they turn to CBD in order to avoid opioids like Vicodin or Oxycontin, which are highly addictive. That is a feature that can be easily sold to a larger audience that are seeking relief from their own symptoms.
It helps that CBD products are legal in all 50 states. And it is usually produced in creams, drops and nutri-medicinal products that are easier to ingest than with traditional smoking methods.
With all the introduction of these companies into the market, the growth of marijuana stocks is no joke. There are ways to day trade marijuana stocks, with a search for volatility in the market.
Casual investors can take the buy and hold approach, which will mean more and more money entering the sector and staying there, helping to stabilize the industry in an early stage.
Category: Investing
