Legalization is progressing around the globe, and the business around cannabis is certainly booming. So, is now the time to join the bandwagon and buy marijuana stocks?
Thanks to the rapid progress of legalization around the globe in the last decade, the cannabis industry is growing—even booming. And as you can imagine, there is a lot of money involved.
According to Forbes, the total amount of money spent globally on legal cannabis was about 52 million dollars in 2017, and is expected to grow to a whopping 2.5 billion in 2027.[1]
If you are as passionate about cannabis as we are, finding a career in the industry can be the way to go; but another way to potentially profit from legalization are cannabis stocks. If you have never invested in stocks, then it all might sound a bit difficult, but the principle is actually really easy.
There are 3 different kind of businesses offering stocks in the cannabis market:
- Companies that grow the actual cannabis
- (Biotech) companies that make products made from cannabis
- Companies that offer products, systems, and services to make all this possible
Investing is a risky business, and if you don’t know what you’re doing, you should of course be very careful with your heard-earned money. Do research. Do a lot of research. And then double-down on checking that research. And remember, never invest more than you can afford to lose.
A good place to start would be to have a look at all the companies that offer marijuana stocks on CannabisMarketCap, a slick platform that tracks all the offered stocks, and where you can monitor how the general business and each individual company and stock is doing 24/7.
So, should you crack your savings open and start investing? Well, that’s up to you. But if you have any aspirations in benefiting from the growing market, a little research will certainly not hurt anyone.
