How to Invest In Marijuana Stocks And Give Your Portfolio An Amazing High and Not Get In Trouble.
Investors are making money with marijuana stocks. With recent legalization of marijuana in some states and countries, marijuana stocks are taking the investing world by storm. Now is probably a good time to cash in on the action. If you are interested in investing in this hot new industry but don't know how to take a whiff and blow some smoke, this quick guide may help you.
Marijuana industry's 2018 rapid growth
The marijuana industry has grown tremendously. 2018 was a particularly great year for the industry. According to the website Leafy.com, 10 states and the District of Columbia have legalized recreational marijuana, including my home state of Michigan. The industry grew by over $10 billion in 2018 and employed about 250000 people. Canada is a major player in this industry. Many cannabis companies have sprung up over the last few years and went public, offering investors an opportunity to profit from this very lucrative market. Here's how you can cash in too.
How to make money with marijuana stocks
The list of marijuana stocks have become numerous in the last few years. For a full list of some selected marijuana stocks, click here. Investopedia has also compiled a list of some of the best marijuana stocks to invest in. Some of these stocks are Canopy Growth, Aurora Cannabis, Gronos Group, GW Pharmaceuticals, among others. Stock picking is hard and requires considerable effort and research. Instead of picking individual marijuana stocks, why not pick a basket of marijuana stocks? Here are a few marijuana stock baskets that could be a cash cow for the beginner cannabis investor.
Marijuana ETFs: a great way to invest in marijuana
As stated above, picking the best marijuana stocks can be tedious. Exchange-traded funds (ETFs) make it easier to invest in marijuana stocks. A marijuana ETF holds a basket of many different marijuana stocks. Therefore, a marijuana ETF affords an opportunity to invest in many individual stocks simultaneously. Here is a list of some marijuana ETFs to consider. The MJ ETF is one of the most popular marijuana ETFs. This is not an endorsement, however.
The bottom line
The cannabis industry is growing by leaps and bounds. This rapid expansion provides investors with an opportunity to add some pot stocks to their investment portfolios. As stock picking requires considerable effort, marijuana ETFs provides the beginner investor with the best opportunity to join this very lucrative industry. Now may be the time to give your investment portfolio a phenomenal high!
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