Today's market is ripe for the picking in one of the most exciting investment areas of this century. After years of crimialization the world governments are finally coming to their senses.
Of course I am refering to marijuana companies.
Today is your opportunity to invest in the early stages of marijuana companies like buying Anheuser-Busch after prohibition ended. No longer will consumers having to go through the pains of finding shady sources and the danerous streets of underground drug trade.
Prohibition has not never worked for any product instead only effectively raised the prices on items people want to and will use anyway.
All over the world this is changing especially in places like Canada and USA.
While Canada’s economy is about one-tenth the size of the U.S. Candian companies are leading the way, taking advantage of the coming demand. It is time to get in before the gates open.
It will take time for a company like Altria to legally market and sell marijuana to consumers due to US Federal Regulations but smaller local companies can still participate in the demand.
The best way to play the marijuana market is to provide the shovels and jeans like during the gold rush. For example, renting land or building space, providing nutrients, lights, etc.
The market is estimated (according to the brewers association) to be as large as $100 billion with the majority of business down underground. Making the market larger than Candy, Chocalote and Wine.
It is difficult to find quality individual stocks to participate in this growth. I prefer to buy a basket through and ETF (exchange traded fund). The Horizons Marijuana Life Sciences Index ETF (https://www.horizonsetfs.com/hmmj) is an easy one click way to participate in many different areas of the marijuana industry.
As you can see from the chart the ETF is in a nice uptrend just waiting for additional catalysts to push it over $16 per share. One such cataylst could be legal implemenation in California which is expected to drawf all the current legal states sales.
Trade details:
Buy half of your normal position now. Start buying monthly the second half of your position. And add additional lump sum purchases on any pullbacks.
Don't miss out on your opportunity to profit from the end of prohibition.
Disclosure: I am currently acculumating shares monthly and hope to have several thousand dollar position soon. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.