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With every U.S. state that goes "green," we see cannabis companies eager to serve these legalized markets.
The latest state to draw cannabis investment is none other than Oklahoma.
Oklahoma is one of the biggest markets in the country when you look at the number of medical cannabis cardholders per resident. It's estimated that nearly 5% of Oklahoma residents have a medical card, with 15.6 cannabis dispensaries per 100,000 residents. That puts it second only to Oregon.
Doctors in Oklahoma are able to prescribe medical cannabis for any condition. As of Jan. 20, the state had 235,786 patients.
Pair such a large market with the growth potential that more liberal laws offer, and you get more and more cannabis companies – like the ones I'll cover today – heading to the Sooner State…
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25-year market veteran who has managed investors' money at firms with assets under management ranging from $250 million up to $16 billion.
Very promising. I will take a chance in investing
Amazing
sounds interesting but every cannabis related stock i have ever held ended up a loser in a bull market
Thomas, Thank you for being a Money Morning reader! I am sorry to hear you haven't had much luck with certain cannabis stocks, but I would not let this discourage you from continuing your journey in the cannabis space. Though cannabis has already made a large amount of profit for some, this is still a growing market. Today's losers could very well be tomorrow's winners. So keep an eye on your holdings, and be sure to look for more cannabis profit plays both from us at Money Morning, and from Don Yocham at his free newsletter Cannabis Profits Daily. Best… Read more »