Marijuana Industry is growing day by day and the Stocks Boom that everyone expected to happen a few years back, is finally happening right now.
Just look at the black market for cannabis. That’s a roughly $70 BILLION industry in the U.S. alone – and a multi-hundred-billion-dollar industry globally. It’s growing, rapidly, as today’s high school and college students actually smoke weed about as often as they drink alcohol (whereas decades ago, alcohol consumption dominated weed consumption among young folks).
Demand for cannabis globally is enormous.
In 2020, Canada – one of the pioneers for federal cannabis legalization – significantly eased cannabis market restrictions and created a better legal framework that is pulling demand from the black market into the legal channel.
At the same time, U.S. legalization efforts are starting to gain serious momentum.
During Election 2020, five states had cannabis legalization on the ballot. All five passed it, including some traditionally conservative states like Montana and Arizona.
Meanwhile, U.S. President Joe Biden has made it known that he intends to nationally decriminalize cannabis – which, of course, is a significant stepping stone toward eventual nationwide legalization.
And just last week, three high profile Democrats – Senate Majority Leader Chuck Schumer and Democratic Senators Cory Booker of New Jersey and Ron Wyden of Oregon – put out a joint statement that said they will put forward and advance comprehensive cannabis reform legislation.
We’ll see now the 3 Marijuana stocks we suggest to buy:
- WM HOLDINGS (SSPK)
- APHRIA (APHA)
- CANOPY GROWTH (CGC)
This stocks have a very good chance of becoming those titans.
Enjoy your Investing!