Over the past few years, medical marijuana has become a booming industry. It’s estimated that the marijuana trade in the US will reach $15 billion by 2020 – and growing. As the trade becomes less underground and more mainstream, individual investors are able to make a living as well – and potentially become wealthy. Q: Hey Rob, Why are so many people taking part in these contests? A: I know that it can be a little daunting to solve a difficult problem so I wanted to give you some tips: I have added some more tips: First up! 1. If after looking at the problem you are still confused, add a comment to the post and ask for help. Don’t be shy about it! 2

Everyone wants to know if they can make money off of marijuana. We all want to make a few bucks more on our Friday night bender, but we all know that making money off the green is a completely different game than making money off the (legalized) green. With more states legalizing medical and recreational marijuana, it seems that the best time to capitalize on a marijuana boom is now.

If you’re looking to invest in marijuana stocks, the short answer is yes. But while some are legitimate companies that have a solid business plan and are implementing their products as promised, others are fly-by-night operations that are nearing the end of their lifespan.

word-image-2392 If you want to make some extra money, now might be the time to invest in cannabis. And no, we don’t mean buy food wholesale. 2020 was a banner year for cannabis. According to Leafly, legal sales totaled more than $18 billion, up 71% from last year. At the same time, the number of states that have legalized cannabis is increasing every year. Only 16 states have legalized cannabis for recreational use (three of them this year alone), and 36 states have legalized marijuana for medical use. As more and more states legalize cannabis, the cannabis industry is becoming more accepted. And the more accepted the industry becomes, the faster it grows. That’s why every celebrity seems to have their own brand of CBD these days, and there’s a cannabis product for just about every market segment (even grandmothers). But you don’t have to be a cannabis entrepreneur to jump on the bandwagon. You can invest in cannabis stocks. And, as you can imagine, this decision can make a lot of money. We spoke with John DeCourcey, equity research analyst at Viridian Capital Advisors, a cannabis advisory firm (yes, there is such a thing), about why investors should pay attention to the cannabis industry and which cannabis stocks have the most potential through 2024. According to Decourcy, there has never been a better time for American investors to invest in the cannabis industry. The reason? It’s simple: The boom is just around the corner. Cannabis offers a whole new opportunity for growth in the United States, DeCourcey said. In general, this sector did not exist a few years ago. It’s now quite common in states where it’s legal, and we know it will grow as more states legalize cannabis. Consider Texas – it has about twice the population of Canada, and there are few licensed medical marijuana dispensaries in the state. There are enormous opportunities here. According to DeCourcey, the pandemic was a major contributor to cannabis becoming the popular commodity it is today. Cannabis was identified at the outset of COVID-19 as the main product, Decursi said. This has helped the cannabis industry tremendously. Cannabis then offered the opportunity to become a sort of white knight for state governments – a way to help them weather the 2020 economic storm – through tax opportunities. This is a gold mine for government agencies in general. Here are four of the best cannabis companies Decourcey recommends investing in right now. Remember that any investment should be in line with your personal financial goals and risk tolerance. 1. Ayr Wellness (AYR.A) Ayr Wellness is one of the most popular cannabis brands for recreational use in the US and is present in several states. The company just opened its 50th location. The company plans to increase this number to 60 by the end of 2021. Ayr Wellness shares have risen over 360% in the last year. DeCourcey says they’ve done a great job building a sustainable business and expanding to other states. 2. Lowell Farms (LOWL) Lowell Farms, formerly Indus Holdings Inc, is the leading recreational cannabis brand in California. Earlier this year, the company acquired Lowell Herb Co. Lowell Farms is really growing in California, which is the largest market for cannabis, Decourcy said. They purchased another leading brand in the state this year and are poised for a major expansion in the near future. 3. GAGE Based in Michigan, Gage Cannabis is the new creation of the co-founder and former CEO of Canopy Growth, the world’s largest cannabis company, which was recently valued at more than $18 billion. According to DeCourcey, Gage wants to consolidate the fragmented cannabis market in Michigan. Michigan doesn’t have many large cannabis companies, despite being one of the largest cannabis markets in the country. Gage is trying to become a big fish in this pond – they want to become a major public player in this area and are likely to expand their operations significantly. 4. Planet 13 (PLTH) If you want to invest in something extraordinary, Planet 13 might be the best for you. Located in the heart of Las Vegas, this massive recreational cannabis dispensary usually brings in a lot of money due to its tourist appeal. He wasn’t as relevant during Pandemic, but Decourcy still sees great potential in this attraction for stoners. Last year they raised a lot of money. And because they’re usually a huge cash cow and things change again, they’re really ready to grow this year, DeCourcey said. These guys delivered on all their promises. I see a world where in a year or two they will be much bigger when it comes to expanding into other states. Because the cannabis market is so new, Decursi recommends taking advantage of the rise and fall of small company stocks right now. Multi-state operators are the most important in this area, but I don’t think they are the most interesting right now. They don’t have much growth ahead of them, and they’re already known to investors, DeCourcey said. They have more growth potential in smaller companies – there is less overhead, the potential for growth in other states remains, and the investor base is likely to be small. Although cannabis companies are relatively new, they have come a long way since going public in 2017. Because cannabis is not federally legal, market difficulties and a lack of traditional banking services have meant that almost none of the first cannabis companies to go public with an IPO (initial public offering) have achieved results. According to DeCourcey, those who survived learned from their past mistakes and became better as a result. You are dealing with a sector that has been going through the initial IPO process for a few years. These are no longer paper stories, but companies that really want to take advantage of growth opportunities. These people fixed the problem and everything works fine now. However, if you are still unsure about the risks of investing in cannabis, you can always start by investing in a cannabis fund. The Hemp Mutual Fund spreads investment risk and focuses on smart, well-run companies. As with any business, Decourcy says it’s important to use common sense when investing in cannabis. The thing about cannabis is that if it sounds too good, it probably is. These companies are still at an early stage of development and their proposals are often theoretical. Try to find real investments with a traditional approach and a track record of delivering on promises.The marijuana industry is booming, and millions of people are making fortunes off the plant. But the industry is poorly regulated, which is the reason that many people are not making money. However, there is a way to make money in the industry without actually owning a business. We take a look at some of the best marijuana investments out there, and a few that are a little riskier than the regular stocks.. Read more about otc weed stocks and let us know what you think.

why did weed stocks go downweed marketwhy are weed stocks up todayotc weed stocksarizona weed stockstexas weed stocks,People also search for,Privacy settings,How Search works,why did weed stocks go down,weed market,why are weed stocks up today,otc weed stocks,arizona weed stocks,texas weed stocks,marijuanastocks.com reviews,what is the best cbd stock to buy

You May Also Like

The Best List Of Fitness Gift Ideas For Her [2021 ]

For all the health and fitness buffs in your life, finding the…