With the increasing number of states that have embraced medical and recreational marijuana sales, it’s easy to assume that investing in cannabis stocks may be the next best step for your portfolio.
The potential for gains with the cannabis industry is vast, especially as more U.S. states move toward the legalization of medical marijuana. These legislative changes may allow for the eventual legalization of recreational marijuana in more than the current 15 states. Until then, it’s still an impressive $17 billion industry that’s headed mainstream.
Enter: Marijuana penny stocks. In its early stage, you’ll find a plethora of stocks that can be purchased at $1 per share. With plenty of risks associated with penny stocks, the cannabis industry is no exception when it comes to manipulation and fraud. However, consider the basis for the industry and the strong business fundamentals that back it, and you’ll find that this industry does have good stocks to invest in.
There are different types of cannabis stocks to explore. First, you have the growers. These will be the cultivators and distributors of the crop. Then, there are the pharmaceutical companies that make cannabinoid drugs, which are booming with products infused with cannabidiol (CBD). Lastly, the suppliers to those who grow the marijuana- ancillary products like hydroponic systems that support the growth and production of cannabis. When you consider purchasing penny stocks in the cannabis industry, you have many different businesses and business models from which to choose and evaluate.
In addition to the inherent risks of unregulated penny stocks, marijuana penny stocks also carry an additional risk for investors because of its dependence upon the surrounding political climates. Because it is still illegal on the federal level, states are responsible for how they conduct and implement their own laws surrounding marijuana as a whole. While states are continuing to move toward acceptance of the plant in different capacities, there’s still difficulty for people in the industry to raise capital for their businesses or even have bank accounts.
What does this mean for the investors? Cannabis stocks and marijuana penny stocks hold their appeal on the brink of a boom in the industry, and now is a great time to get involved and add a few of these stocks to their portfolio.
In addition to the general research that comes with mitigating risks for cannabis stocks, an investor will want to determine what kind of business in the marijuana industry in which they invest. Investing in growers may require looking at their cash flow stance and closely researching their management teams and growth strategy. Looking into companies providing ancillary products may be safer because they aren’t solely reliant upon the income from cannabis sales. Considering cannabis stock investments over the long-term will be more beneficial than looking for a quick turnaround.
When Joe Montana retired and launched his investment fund, he made sure to surround himself with a team of superstars.
They're out there finding deals and vetting companies while he's meeting with the founders.
They are all working toward a common goal as one.
It's just like the formidable team that's been put together at The National Institute for Cannabis Investors.
When it comes to investing in cannabis stocks, there is an absolute mountain of information investors need to parse through.
That's exactly why the National Institute for Cannabis Investors was founded.
To do this hard research for you...
Here's something you may not know about Joe Montana.
After he retired from football, he started a another career.
He launched his own investment fund.
And he's been extremely fortunate.
Now, he's teaming up with Mike Ward, the founder of the National Institute for Cannabis Investors (NICI).
Cannabis stocks have pulled back from all-time highs within the last year.
But investors should expect new tailwinds in 2020 and beyond.
Today, we're going to discuss several of the key trends and developments that will push marijuana stocks higher in the year ahead.
The number of legal cannabis companies in America is growing by the day.
It's no surprise.
Everyone wants in on one of the fastest growing industries in U.S. history.
The growth numbers are outrageous.
According to the National Institute for Cannabis Investors, legal marijuana sales totaled $10.8 billion in 2018.
In the next nine years, it's estimated the market could hit a whopping $2.6 trillion in annual sales.
The marijuana companies we'll show you today are the perfect balance of solid fundamentals and huge profit potential.
These are the three top legal marijuana companies to invest in now...
The CBD market was worth $813 million by the end of 2019, according Statista.
But we here at Money Morning think the market could conservatively grow 146% to $2 billion by the end of 2020.
And a recent forecast made by leading cannabis researchers BDS Analytics and Arcview Market Research projects the market could pull in $20 billion by 2024.
That would represent 2,360% growth from today.
So today, we're going to show you how the CBD industry can grow to a multibillion-dollar market.
And we'll even give you two of the best CBD stocks to buy to get you started.
A group of Girl Scouts were seen selling cookies outside Chicago's Dispensary 33 on Sunday (Feb. 9).
And with that, Illinois' $40 million in legal cannabis sales is no longer the biggest news driving cannabis stocks today.
In fact, this story is arguably much bigger than cannabis legalization or state cannabis tax revenues.
It's about cannabis becoming normal.
Join us on Tuesday, Feb. 25, for the special, invite-only 2020 American Cannabis Summit.
In this interview livestream, legendary quarterback Joe Montana will sit with our team.
They'll reveal, why they believe 2020 is set to be the best year yet for cannabis investors.
The three numbers you NEED to check before you invest a penny in a cannabis stock.
How to identify underpriced cannabis IPOs that can shoot up right out of the gate.
And more!
There's no denying it: The cannabis market is an unstoppable economic force.
Join us on Tuesday, Feb. 25, as we sit down with legendary quarterback Joe Montana to talk all things cannabis: how to get in, how to pick the RIGHT stocks, and how to avoid the most common investor mistakes.
Space is extremely limited - and this event WILL be at capacity.
Investors continue to eye ongoing developments on the legalized cannabis front.
States across the country continue to press forward with legalization efforts.
There's a chance we'll see an expansion of legalization during the 2020 election.
And it could mean 98% windfall for our best marijuana stock to buy right now.
Last year, I joined the Advisory Board of the National Institute for Cannabis Investors to offer my technical analysis and experience to traders and investors interested in breaking into this exciting new space.
Unfortunately, for many investors, that excitement has dimmed in recent months.
Anyone that has even had a passing interest in the cannabis industry knows what a tough time the last year has been.
While everyone has been so focused on the massive losses in the cannabis industry over the better part of the last year, what's getting lost in the hysteria is that there is light at the end of the tunnel.
What you have to keep in mind is that the entire cannabis industry is still very new, relatively speaking.
Most new industries have gone through their fair share of growing pains before the major players emerged to make huge profits for not only themselves, but their shareholders as well.
Former U.S. Vice President Joe Biden is at it again.
He's been talking once more about reigning in cannabis legalization.
Late last year, Biden called marijuana a gateway drug (only to roll back his statements after being criticized for that stance).
Then in a recent interview with the editorial board of The New York Times, he backpedaled. Now he's calling for more research while supporting decriminalization.
Like most other pandering statements from politicians, Biden's latest are just a distraction.
You can't put too much weight on Biden's or any other politician's comments - especially in an election year. The next time a politician weighs in to the cannabis debate, keep this in mind: Legalizing cannabis doesn't require a politician's approval.
Citizens can tell politicians what the laws will be through ballot measures. And that's exactly what's happening across the country.
That's why marijuana legalization strikes me as one of the few genuine, bottom-up, power-to-the-people movements to have occurred in the United States. That's what makes it both inevitable - and so very profitable.
Ultimately, cannabis legalization is proceeding, regardless of what any politician says. None are bold enough to make a strong stand against it. And anything short of all-out war is mere posturing.
And there are massive opportunities to profit by investing in the companies funding the most research into the effects of THC, CBD, and the 100-plus other cannabinoids produced by the marijuana and hemp plants.
Right now, 33 states have some sort of marijuana legalization in effect.
That could balloon to 37 by the end of 2020, when four states vote on marijuana reform for the first time.
Another five states that already legalized cannabis for medical use are now pushing for recreational legalization as well.
With each state that passes marijuana reform in 2020, cannabis stocks get a bullish signal.
Robinhood's introduction of no-fee trading revolutionized the digital brokerage industry.
That's been great for consumers.
But penny stock investors have been left out in the cold.
Robinhood doesn't let you trade stocks listed on certain over the counter exchanges, like the Pink Sheets, leaving thousands of penny stocks off the table.
But that doesn't mean there aren't plenty of excellent penny stocks to buy on Robinhood.
And this one has 500% upside in 2020...
The legal cannabis industry is looking forward to a banner year as nearly a dozen states are set to vote on legalizing marijuana, recreationally or medically.
But no one expected Virginia to be one of them...so soon.
Virginia, one of America's most socially conservative states, just made progress on marijuana decriminalization.
Specifically, an important state senate committee approved a bill toward that aim on Jan. 23.
