Top 5 Marijuana Stocks | Best Pot Stocks | Top Cannabis Stocks | Best Weed Stocks Long Term | 4/5
#PotStocks #WeedStocks #MarijuanaStocks #CannabisStocks #PLNHF
What are the best cannabis (marijuana, weed, pot, MJ) stocks to invest in long term? There is a ton of speculation and risk in the marijuana industry; however, it also has enormous potential upside reward. Many companies in the cannabis industry have opted to “go public,” making their shares available for purchase on public stock markets, to raise cash to fuel additional growth. This growth potential is the most compelling reason as to why you would want to invest in this industry. The fact that Canada and several U.S. States have legalized recreational marijuana has drawn tremendous attention from investors recently, but people have been investing in this space for many years. Legalization simply takes it all to another level. Arcview Market Research and BDS Analytics project that Canadian marijuana sales will jump from around $600 million in 2018 to $5.4 billion by 2022. That’s a compound annual growth rate of more than 55%. There is so much opportunity in this sector, not just with smokers, but with new ventures such cannabis-infused drinks (both THC and CBD), edibles (such as gummies and chocolate bars), and so much more.
Germany also legalized medical marijuana in 2017. The country’s cannabis market could exceed $1.5 billion by 2022, up from approximately $9 million in 2017. This projected growth makes Germany the fastest-growing marijuana market in the world, even larger than North America in terms of growth. With that said, the United States is still projected to account for around 75% of total cannabis revenue three years from now. I’ve seen projections claiming that the global marijuana market will more than triple from 2018 to the end of 2022. I predict there will be several big winners from this secular growth trend, but the picks you make will be very important. Not every cannabis company will survive. Many will be acquired, and many will simply crash and burn. Let’s dig in and look at my top 5 MJ stocks for the next decade!
If you want to outperform the stock market, you need to focus on secular growth trends and the companies growing within these trends. Outperformance will allow you reinvest your gains into DGI (dividend growth) stocks to accelerate your early retirement.
If you are following the F.I.R.E.D. Up Wealth movement (FIRED UP), this is the next step…Phase II, after you have done your homework and educated yourself on the stock market…now it’s time for individual stock picks that will help you outperform the market!
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I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, and I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. I do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.
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