Investors in the capital markets are always on the lookout for a new way to make the most of their investments. They are always ready to ride a bandwagon of a trending scrip or product, when and where available. However, there is another kind of investors who don’t follow the suit of the top investors; rather, they set their own direction. Such people are mostly interested in the stocks which are going to deliver the goods in the longer run. A few years ago, a major chunk of global investors would have simply rejected the idea of parking their money in the marijuana stocks. This is not the case anymore. The major reason behind the improved trust is the increase in trust among the investors’ community after fake and misdirected scam reports met their eventual end.
Investors were generally of the view that the marijuana stocks were not a great bid because these companies were not able to turn a profit. Not anymore! The marijuana stocks have made their presence felt in the past few years and offered an exceptional money-making potential.
The marijuana stocks are yet to hit the roof, and the coming years are set to prove it. Therefore, we have earmarked five reasons why you should seriously consider the marijuana stocks watch today and stay ahead of the curve.
Governments Up to Legalize Marijuana Stocks
The marijuana stocks’ popularity has already turned many heads in the past few years, and governments can’t keep them away from the trend. According to esquire, Illinois has become the 11th American state to legalize weed for recreational use, effective from Jan. 1, 2020. In America, marijuana legalization is progressing on a state-by-state basis, but the good thing is that the number of state governments are ready to give marijuana a chance. This is a great omen for marijuana businesses to get the most of the increased market exposure.
Who Doesn’t Want More Money?
We all do our jobs and businesses to make money. Many of us invest their savings to make even bigger stashes of money. Same is the case with the marijuana when it comes to governments adding impetus to their revenues. Increased marijuana sales will result in increased revenues, and governments always welcome more money in taxes.
Marijuana Industry Has Already Taken Off
The legal marijuana industry has already made its presence felt. Alone in the US, the marijuana industry has surged to 10.4 billion U.S. dollars by the end of 2018.
According to a report by the Associated Press, California has become the largest American marketplace for legal marijuana, whereas Utah and Oklahoma have also shown respect to the industry. In the North American region, Canada has already legalized marijuana, whereas the Mexican Supreme Court has also set a roadmap for the legalization of pot shops. An increased number of states and countries are embracing the marijuana industry, which is a great omen for its stock in the capital markets.
Efficient Medical Use
The medical world is extensively carrying out researches and studies about the medical benefits of marijuana. The research is examining the use of cannabis other than just being a painkiller. Many types of research have already found out that cannabis can be great medicine for a number of serious diseases like Type 2 diabetes, some kinds of cancer, schizophrenia, and post-traumatic stress disorder. What’s more interesting is that countries like the United Kingdom, Germany, Spain, etc. have already approved cannabis-extracted drugs in their respective markets.
Huge Return on Investment
According to the Nasdaq records, there are more than 80 marijuana stocks in the US capital market. This provides a great opportunity to the investors to make some huge bucks. You may expect more such scrips getting listed on Nasdaq and other leading capital markets as an increased number of marijuana companies are going public. This, perhaps, is the right time to be part of the surge because most of these 80 listed marijuana stocks are priced under $5.
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Marijuana stocks offer great investment potential for investors worldwide. If you want to make a good return on your investments, the time is now to get yourself a few marijuana scrips. The above-mentioned reasons present enough argument to get you onboard the rollercoaster ride of marijuana stocks.