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…
About the Author
Don Yocham is Executive Director for the National Institute of Cannabis Investors (The Institute) and Director of Cannabis Investing Research for Money Map Press. Before starting his role with the Institute, he was the Head of Private Deals for the publication Cannabis Venture Syndicate. From his first foray into the trading pits of Chicago to introducing institutional investors to entirely new markets in the early 2000s, Don has pretty much covered the entire field of investing in his 25-year career. In the depths of the financial crisis, when the typical investor had lost more than half of their money, his portfolios were up.
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 of luck,
Money Morning Team Member