Cannabis/Marijuana stocks have become increasingly popular since they have opened up in the stock market. This question is more opinionated than anything, but let’s see the long-term benefits of investing in cannabis stocks.
Some companies offer recreational cannabis while other companies focus on medical cannabis. According to Forbes, the international market for cannabis is projected to exceed over $30 billion in 2021. Cannabis stocks have turned the heads for investors for medical companies to embark on new medical inventions as well as more business for recreational businesses- as long as the government approves of course.
Screenshot graph from Wikipedia
There are 7 main uses for medical cannabis:
Chronic Pain Multiple Sclerosis
Concussion Alzheimer’s Disease Bipolar Disorder
Speaking for those who suffer from Alzheimer’s disease, it was reported by Alz.org, in 2017, that 5.5 million people suffered from Alzheimer’s disease. Large pharmaceuticals are using medical cannabis as an aid for this disease and investors see great potential in revenues for these companies.
While some investors tease the investing idea similar to investing in Bitcoin, the cannabis industry will eventually grow into a large empire. Yet, investors aren’t sure of the stability of the industry long-term and would much rather place their investment in more profitable sectors. All of this depends on the individual, yet look for innovation, value, and stability in your investments.
Some of the Top Cannabis Stocks:
CRBP (Corbus Pharmaceuticals)
GWPH (GW Pharmaceuticals)
INSY (Insy Therapeutics)
CBIS (Cannabis Science)
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