Marijuana Stocks: A Beginners Guide to Investing
Not a lot of people would have considered cannabis as a sound investment a couple of years ago. Since the legalisation of the plant, more and more people are realising the importance of cannabis. This industry is expected to boom over the next few years and has already doubled upon its future projections. Investing in marijuana can be quite a good idea for diversifying your portfolio. It is important to understand how to invest in marijuana EFTs and stocks in order to join this movement. We have talked to a couple of experts to lay down some beginner rules for you.
About the Marijuana Industry
Before investing anywhere, you need to know the industry like the back of your hand. Only then will you understand and predict patterns in order to help your investment. The investable cannabis industry started just 6 years ago and people saw a tightly regulated market. This is still a new industry but is doing very well for its age. Most medical markets before this year were mostly not for profit and the products were not regulated. Now that regulation has entered the market, you can easily think of investing.
Why Should You Invest in Marijuana?
The most important thing that you need to understand is why cannabis would be a profitable investment for you in the first place. This industry has almost doubled its profit in the span of just a few years. There are now many established stores such as Smokers Vice that are doing really great with their online sales. More and more opportunities are opening up in this industry, such as beauty, skincare, and even food!
How Do I Invest in Marijuana Stocks?
You might think the only way to invest in marijuana is by using stocks, but that is not so. You can easily try to sponsor a shop or a medical store by providing them with funds for their start-up. This will keep on giving you returns and will let you experience the industry first hand. You can also sponsor shops that sell accessories.
Investing in Marijuana Stocks by Subsector
You can try to invest in the industry by buying the stock of certain companies within it. For example, you can buy stocks of marijuana-focused biotechnology companies, retailers and growers, and even service providers. These stocks are available on Nasdaq and you can easily buy them by taking help from any major brokerage firm. Be sure you do your research before you buy any kind of stock. Make sure to compare and contrast their growth with their competitors in order to make sure that you are getting the best deal. You can also review the financial statements that the company has filed with the Securities and Exchange Commission in order to understand its financial performance.
Top Marijuana Stock Picks Just for You
If you are still overwhelmed with this industry, we have done some research on our part in order to tell you which stocks to look into. Some of the top stocks in this industry today are:
- Tilray
- Cronos groups
- Green thumb industries
- Curaleaf holdings
- Canopy growth corporation
- Altria
- Scotts Miracle-gro
- Anheuser-Busch
This is a mix of companies that have been around for a long time along with companies that are new but are making some traction in the marijuana industry.
It is important to remember to diversify your portfolio when it comes to investing so that you have less of a risk to your money. It is the same with the cannabis industry.
Marijuana Stocks: A Beginners Guide to Investing
About Cannin.com: Your Marijuana Stocks Resource
Cannin is your #1 resource for marijuana stocks. Our global team of experts evaluates all emerging marijuana stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best marijuana stock investments for 2021.
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