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Looking to buy Cannabis Stocks?

Companies / Cannabis Jun 22, 2022 - 10:05 PM GMT

By: Travis_Bard

Companies

Cannabis stocks are something you should definitely think of adding to your portfolio. This industry will be part of the future, as more countries legalize its recreational use, but mostly because there is a continuous growth in the use of CBD, which is a substance inside the cannabis plant, which has been found to hold many medicinal virtues. Here are a few interesting ways for you to invest, right now.


The Growth of the Industry

We can say that the real interest in cannabis started with its legalization in Colorado, USA. Serious entrepreneurs went into business, and started growing plants. Soon, other states followed in America, before Canada finally also joined in, as a country where cannabis is legal for recreational purposes. The latter years have seen the growth of the market go wild. Only in 2021, it grew by 35%. Now the industry is worth almost $25 billion. But unless you decide to start growing cannabis seeds in your backyard, the best way to gain from this new market, is to invest in the stock exchange. Here are a few options for you.

Buy Stocks from these Companies

URBAN-GRO (URGO)

We were only partly kidding, when we said “buy your own seeds.” In fact, with the help of Urban-Gro, you could become the next big supplier, in the cannabis industry. This company provides controlled environment cultivation facilities to anyone who would like to go into the cannabis business. This is an interesting pick, since it has seen a constant revenue growth, over the last five quarters, of 120%. Either you can buy their stocks or join them and become a farmer, yourself.

CRONOS GROUP (CRON)

If you are looking to buy cheap cannabis stock, look no further than on the Canadian market. That’s because, in 2021, all stocks in this industry came crashing down. The reason is simple: Too many suppliers entered the market and overproduced cannabis. Therefore, the market was overloaded and the demand never got close to being sufficient. And so, the stocks dropped. So why buy Cronos Group? Because they are partly owned by a tobacco company (at 45%), and they are looking for new markets, away from cigarettes. Many people are saying they may be buying the whole thing soon…

Buy Cannabis ETFs

ETFs are good, as they help you diversify your assets in one field. The one that currently does this job best, is probably “The Cannabis ETF” (THCX). Its portfolio is extremely diversified, in the world of marijuana, which really provides investors an all-around entry into the world of cannabis, on the stock market.
Buy Stock from one of the “Big Boys”

There are major players in the cannabis industry, today. Mostly some that were already on the market, in other related or unrelated fields. We can think of Constellation Brands (STZ), as a very interesting investment. First, you are placing your money in a solid spirits company, and secondly, you are looking at new cannabis related products, that could be a big hype in the future, as they are looking to mix both spirits and this new rising product that is cannabis, together.

By Travis Bard

© 2022 Copyright Travis Bard - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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