If you’re hunting for investments that are growing like weeds, then there’s no better place to search than the market for weed itself.
It’s a bit of a controversial topic, but whether you agree with legalizing marijuana or not, one thing is for certain… it’s a profitable drug!
Right now, pot shares seem to be just as valuable as a pot of gold.
Here’s why and how you can earn yourself some serious money from this new trend that’s taking over Wall Street.
In the past year alone, cannabis stocks have outperformed gold, Bitcoin AND the broader market.
With legalization becoming more and more widespread, pot companies are seeing their valuations soar.
Because of all this hype, many of these companies are now worth BILLIONS of dollars!
Just to give you an idea of what direction the industry is heading in, analysts are projecting that it could be worth well over $50 billion within the next 7 years or so.
That’s about tenfold the value it’s currently sitting at now!
You may think it’s a bit of a stretch to throw out numbers like this, but if you don’t believe me, the facts speak for themselves.
Last year, the worldwide legal marijuana trade grew 37% and there’s no sign of this upward trajectory dipping down anytime soon. It’s quite the opposite actually…
Now that Canada has legalized marijuana for recreational use, it has the benefits to show for it and other countries are likely to follow its lead.
Either way, the real money could be made via its medical purposes.
With that said, more than 20 countries, including Germany, Mexico and Australia, have already approved the drug for medical use.
Sure, cannabis is popular in terms of recreational use, but there’s no denying the role it plays in the medical field.
When it comes to treating chronic pain, such as arthritis, studies show that pot is a much safer and more effective alternative in comparison to traditional opioids.
According to the statistics, more than 115 Americans die on a daily basis from overdosing on opioids.
It’s clear that this country is in the midst of a serious opioid epidemic that doctors are now combating with the natural properties of marijuana.
This explains the rising popularity of marijuana at least to a certain degree…
For example, Tilray (TLRY), the first pharmaceutical pot company to go public on the Nasdaq, soared 29% after news that the U.S. approved the import of cannabis for research.
Just take a look at the chart for Tilray below…
Without any experience in chart analysis whatsoever, you can see that Tilray has been undergoing a solid climb ever since it was introduced into the market.
A chart like this basically spells out profitability!
It doesn’t end there though…
Other potential pot investments to look out for are Aurora Cannabis (ACBFF), who’s top shareholder is Vangard, and Canopy Growth, who just received a $3.8 billion investment from Constellation Brands, which caused shares to jump up 38%!
This is just a tip of the iceberg, but it’s proof that there’s a real future ahead of marijuana and the investments you choose to partake in.
