Crazy things happen when marijuana and its products are legalized. Within two weeks, two dozen Los Angeles businesses got approval to sell recreational products. The cannabis industry grows very quickly – and if you are looking to invest, this is the perfect time to do it!
Dispensaries keep getting license to sell recreational weed products, necessitating more products from more businesses. It’s a growing industry, and people are starting to see that there’s money to be made here.
So where does that leave you, Mr. Investor? Well, you have a lot of options.
Medical Cannabis Investing
Cannabis stocks are such a new and unusual investment that even compared to your usual investments, there’s no such thing as a “safe bet.” But should you choose to take a chance, medical marijuana presents you with more options. Far more states have legalized medical than recreational cannabis, and Canada has had medical weed for nearly two decades.
There are some investments that can be found on major stock exchanges both in the U.S. and Canada, however many of them exist on over-the-counter exchanges (OTC), where securities and stocks are traded through dealers as opposed to a centralized network like NASDAQ.
Canadian Cannabis Investing
Canadian companies have been far ahead of American companies when it comes to cannabis investing.
OrganiGram (OGRMF) , a licensed producer and grower of medical marijuana, is coming off a strong Q2 as of this writing. As the number of medical cannabis patients in the country grows, so have OrganiGram’s sales, in no small part due to their production of cannabis oil.
Canopy Growth Corporation (TWMJF) is another popular option, a Canadian company that not only produces but researches and studies cannabis. It was recently valued at around $4.35 billion, and Bank of Montreal helps finance it, giving it a competitive advantage. One of its main competitors, Aurora Cannabis (ACBFF) , is expanding its number of growth facilities and purchased competitor CanniMed Therapeutics.
Cannabis Retail Investing
It’s much less common than medicinal, but recreational marijuana has its highest approval rating in the U.S. since that was something surveys tracked. Cannabis is 100% legalized, including recreationally, in nine states and Washington D.C. Canada is close to legalizing recreational weed, and Prime Minister Justin Trudeau continues to say he plans on getting the law passed in the summer of 2018.
MedMen Enterprises is a highly successful retailer of cannabis products, with dispensaries in several states. MedMen has revealed that they plan to go public, and just how they’ll be doing it – with a reverse takeover (or RTO) of OutdoorPartner Media Corporation, which is currently unlisted. It may be worth keeping an eye on the details and when they officially go public. Is this the next big thing? Perhaps – and it’s worth keeping your eye on.