The cannabis industry is hotter than ever. Investments have already surpassed $3 billion this year, Viridian Capital Advisors estimates. And, according to New Frontier Data, sales are expected to exceed $9.5 billion in 2018.
Retail investors must do their due diligence. Though it's laborious and time-consuming, most people usually don’t have access to the resources needed to make an informed assessment of a company. But there are options and workarounds to help new investors pull a seat up to the table.
One way is to invest in ETFs: they make it easy to invest in cannabis stocks that have already been pre-selected by teams of analysts who’ve conducted the necessary due diligence and decided to include certain companies in these ETFs. Another option is to look to investment advisors and stock pickers who have a track record of reliable insights on which stocks are overvalued and which ones deserve your attention.
We’d like to also impart the following four rules for new marijuana investors.
Your rule might look like this: “if the stock falls below X or surges above Y, I’ll sell.”
And remember that investing in cannabis is not limited to growers or retailers. There are plenty of fiscally-attractive, powerful companies providing ancillary services to the industry, some of whom used to operate outside the marijuana industry. For example, a company such as Scotts Miracle Grow is now considered a cannabis stock.Posted: Saturday, May 26th, 6:46pm 6 months ago
Parker is a cannabis enthusiast to the core who shares a keen interest in listening to what others have to say and understanding what’s important to them. Those who know Parker know that his passion for health and wellness runs deep, and his love of Canada even deeper!