How to become a Marijuana Millionaire
This article will explain how an investment of $50,000 less than 3 years ago would now be worth over $1,000,000 today without getting your hands dirty.
Worldwide spending on legal Marijuana is projected to grow a colossal 230% to $32 billion in 2022 as compared to $9.5 billion in 2017. A primary shift in this figure is down to the vast expansion of legalisation in the United States of America. More states will be voting in favour of marijuana use legalisation as the regulation holds many benefits for each state. Such as an additional stream of state income from tax revenue generated from the sales of marijuana and sparking business interest across the board, as many firms will have identified a potential fresh new market to exploit. Which in turn will promote investment into the state from corporations and the creation of new jobs in a new sector which helps aid unemployment.
Popular marijuana stocks are Canopy Growth (NYSE: CGC), Aurora Cannabis (NYSE: ACB), Tilray (NASDAQ: TLRY), Cronos Group (NASDAQ: CRON), and Aphria (NYSE: APHA). These stocks have seen tremendous growth over the past few years.
For example, Aurora Cannabis, a firm engaged in the production and distribution of Medical Cannabis. The firm Benefitted extensively from the legalisation of cannabis in Canada. As recreational sales in Canada accounted for about 40% of the market for Aurora. The company was also able to sustain its presence in the medical marijuana market.
An investment of $50,000 into Aurora on the 18/07/2016 at $0.35 per share would now be worth $1,268,571.43 today as the stock now trades around $8.88.
Another example of a cannabis firm to benefit from legalisation is canopy growth. A company involved in the Research and production of cannabis. Canopy growth stock price has seen an enormous gain over the past 36 months. An investment of just $50,000 into Canopy growth on the 18/07/2016 at $2.10 per share would now be worth $1,005,000 today as the stock now trades around $42.21. As shown in the chart below.
Having visited California first hand and experienced the benefits of legalisation, not only to the state but also to the public on a social and economic level. I believe this may only be the start, as more states and countries start to see the social and economic benefits of the legalisation of Marijuana. Firms such as Canopy and Aurora are likely to grow as market leaders. Opportunities will be vastly available with new cannabis start-up firms however, extensive research is required before investment as promise does not dictate results.
Marijuana has grown in popularity and a rising number of states are moving forwards to legalising the plant. This will most likely prompt alcohol and tobacco firms to assess how the legalisation will impact their sales. As the saying goes if you cannot beat them, join them! As Cannabis is legalized, we could see it substitute alcoholic brews on particular occasions. We are now in an age where Tobacco smoking is on the decline, it is therefore highly anticipated that tobacco companies will enter the marijuana market once the plant is federally legal. Many existing multinational corporations have already started research and development with cannabis into their product lines. Heineken has acquired a company who have released THC and CBD infused sparkling water called Hi-Fi Hops.
Where to buy Marijuana stocks?
Marijuana stocks can be obtained through most major online brokers. The major Marijuana stocks are traded on major stock exchanges such as NYSE and NASDAQ. You will need a brokerage account to acquire them.
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