Invest in this, invest in that. Investing is a great way to make your money work for you. It is a risky business but has made many people very rich overnight. Marijaunabeginner.com is here to help you figure it all out.
The cannabis sector is drawing a lot of new investors and there seems to be no stopping this rapidly growing “green rush”. With the continued progress on a state level and some changes needed on a federal level, we will see the Global Cannabis Stock Index increase more than the 70% plus that it has increased this year.
One of the next biggest steps to see the cannabis develop would be a more laissez-faire approach or a real implementation of liberal laws on a federal level. Even just a simpler friendlier federal policy that will jump-start local taxation, banking and research which would spearhead a lot more traditional investment in cannabis.
Considering so many states suffer from budget shortfalls in this tough economy, one could suggest a little bit of green can go a very long way. Colorado is case in point, generating $1 Billion for the green state just a couple years into full legalization of cannabis. This has brought in much-needed investment, development as well as job opportunities.
High Times, the oldest cannabis industry magazine has recently closed their Initial Public Offering (IPO) to the public at the end of last month. And with as little as a $100 investment you could be part of a counter-culture magazine with huge potential for growth. HighTimes has been the magazine of choice for many cannabis enthusiasts across the globe and with the planning and listing publically you are almost guaranteed a return on your investment.
There are many companies such as, Canopy Growth (NYSE: CGC), who are performing very well on the stock market, especially since they had a big investment from Constellation Brands, seen as another green light by many. The reasons for the growing sector are showing in many companies results and mainly due to the accessibility to a previously illegal market with many proven economic benefits.
“Canopy is viewed as one of the stronger players in the new sector, thanks to a $4 billion investment from drinks giant Constellation Brands Inc” Source
There are many avenues to invest in cannabis whether you choose an IPO, penny stock of under $1 each or invest on the traditional stock market for legal cannabis giants one method to invest in the fastest financial growth market of cryptocurrencies.
Cryptocurrencies took a fair amount of time to get off the ground, but today we see them as some of the most valued currencies in the world. Due to the limitations on a federal level of the cannabis sector cryptocurrencies became a way to transact for many cannabis company startups. There are even dedicated cannabis cryptocurrencies such as PotCoin who’s market share was only valued at $15 Million. This could grow into much more currency in the near future as companies switch to a modern form of financial transacting using cryptocurrencies.
Whatever you choose, make sure you do a do-diligence before investing in any grand scheme, look through the marketing material before gambling your hard earned dollars. It may just be worth every puff.
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