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It's obvious why cannabis investing is so popular right now.
According to Grand View Research, the global legal cannabis market is expected to be worth $66.3 billion by 2025. That's nearly five times what it was in 2018.
That's a veritable gold mine for investors who choose their weed stocks wisely.
But there's one problem.
All that wealth is not going to get distributed evenly among cannabis companies. A lot of them are going to go bust while others reap fortunes. And there's going to be a lot of volatility as the chips fall where they may.
That's why the pick-and-shovel stock to buy we're bringing you today is the best of all worlds.
Strictly speaking, this pick isn't a cannabis company. But it provides essential products and services to the cannabis industry.
It's a company that has already established itself in a number of important sectors, including biotechnology, food safety, and genomics. It has a market cap of nearly $10 billion, so it's not subject to the kind of volatility young pot stocks often face.
It's also one of the few firms capable of making absolutely certain that cannabis products pass legal regulations.
So as the legal cannabis industry explodes over the next six years, this company is going to be right in the middle of it - no matter which weed brands come out on top.
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That's why this pick is one of the best cannabis stocks to buy now.
Even better, it just got a top score from our Money Morning Stock VQScore™ system.
So it won't be available at its current price for long.
Burdensome Regulations Are a Piece of Cake for This Cannabis Stock to Buy Now
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.