You are thinking of investing in marijuana, which can give you big rewards because the market is young and capable of great growth, especially as American states continue to legalize it.
The competition is relatively low compared to other markets, which is another benefit. The only question is figuring out which stocks to invest in, but the following should help.
Square, the pay processing company, has made it clear that it wants to be in the business of marijuana. The company has given the go ahead to CBD oil-based companies to use their peer-to-peer payment system to accept payments or make them.
This is a big step in the right direction for this company that has already been outperforming other similar apps in the market. It seems that Square understands that there is no turning back the clock regarding cannabis. This has arrived, and it is only a matter of time before it becomes fully legal throughout the United States of America.
This company is just starting out, yet it is making progress within the industry. EnWave seems to focus on dehydration products that help several industries dehydrate various quantities of foods.
Yes, here is another company that doesn’t seem like it would have much to do with marijuana yet it does. Major cannabis and marijuana producers in Canada have already enlisted their work to help dehydrate products that need to be dehydrated. Part of what makes this an interesting investment is the fact that the company is offering services to all sorts of industries, not just this one.
- Charlotte’s Web
This is another company worth paying attention to. This is one of those companies that some would overlook or ignore, especially because it’s hit a few speed bumps. The speed bump it hit is thanks to America’s FDA, which has not settled on how to regulate CBD products.
This uncertainty scares some investors and hurts the company, but as an investor in the cannabis industry, you need to be able to have a strong stomach. Trends go up and down, and it happens to all sorts of stocks even the best marijuana stock to buy. You have to be prepared to be patient, and learn to read the market as much as possible.
- Plus Products
Those who are interested in the edibles market may want to turn your gaze towards Plus Products. This is perhaps one of the biggest names in edibles today. The company not only manufacturers edibles but is also quite involved in distribution. At the moment, the company is working in California, but they have the infrastructure to continue growing as more states continue to welcome marijuana to their state.
At the moment, the company has already released plans to expand to places like Nevada that just passed legislation that would allow this company to continue growing. The company even launched a CBD-infused gummy product with the help of John Legend not too long ago, so it’s easy to see how this company is intending to grow. Investing now when competition is low and when the possibility of reward is high may be a good idea.
Aphria is another company that investors should pay attention to. It is considered one of the largest cannabis producers in Canada, and you don’t achieve that without working hard. You also don’t get here without being able to produce considerable profits. There are no sure bets when it comes to the stock market, especially one as volatile as the cannabis stock market, but this is as close as you could hope for.
The company has also taken a major step towards ensuring that it has a stake in what happens in the United States since it just partnered with Glazer’s. The company it partnered with has a pretty good distribution system in the United States, which is what Aphria is hoping to use should the demand for cannabis suddenly skyrocket in America that is more than likely since states continue to legalize it. Even presidential candidates are talking about legalizing it.
These are just some of the marijuana and cannabis stocks you can consider purchasing. It’s important that you do your research before making a decision and, when you do, be patient because this market is unpredictable, but the rewards can be life-changing.