[vc_row][vc_column][vc_column_text]Investing in Pot Stocks
There is a common idiom that someone should “put their money where their mouth is.” Basically, it means that if you believe in something, you should be willing to invest in it. Now, we aren’t going to tell you what to do with your money. We aren’t an investment firm.[i] I’m just a dude who writes blogs.
As good-looking, talented, well-liked, and humble as I am, that doesn’t mean I am a financial advisor. However if you would like to figuratively (or literally in this instance) put your money where your mouth is, there are plenty of investment opportunities out there. Here is a selection of some interesting ones:
- Canadian Firms – Canada (eh) has had medical marijuana legalized nationwide since 2001. That market has been growing about 10% month over month since May of 2017. In addition, Canada is set to make recreational marijuana legal nationwide by July 1, 2018. This should present a huge opportunity to invest in Canadian firms who stand to benefit substantially. Canopy Growth Corporation (TWMJF), MedReleaf (MEDFF), Aphira (APHQF), and Aurora Cannabis (ACBFF) are examples of some publically traded marijuana firms that could make you some green in the Canadian green revolution.
- Horizons Marijuana Life Sciences Index ETF (HMMJ) – This fund traded on the Toronto stock exchange has more than doubled since being introduced on April 4, 2017. There is a saying in investing that you shouldn’t “put all your eggs in one basket” and by getting an exchange-traded fund (ETF) you are getting an index in several stocks which allows you to diversify by owning shares of a fund rather than an individual stock.
- Green Pharma – with 30 states plus Washington DC allowing some form of medicinal marijuana, there is tremendous opportunity to invest in biopharmaceutical companies that have cannabis-derivative products. Abbvie Inc (ABBV) has an FDA approved marijuana-based drug known as Marinol that is used to treat nausea and vomiting in cancer patients as well as treat appetite loss in patients with AIDS. Insys Therapeutics, INC (INSY) is a similar firm that developed the FDA approved cannabis-based Syndros which is a liquid-based version of Dronabinol (the same drug in Marinol). Corbus Pharmaceuticals (CRBP) and Zynerba Pharmaceuticals (ZYNE) are two other firms developing synthetic cannabinoid therapeutics for the treatment of a variety of diseases.
These are just some of the investment opportunities out there in cannabis. Consider this article a jumping off point to do your own research. Investing is a fun way to support the national (and international) green revolution. Thanks for reading and as always toke on Dreamers!
[i] No really. This article is for entertainment only. This is not investment advice. Talk to a licensed financial advisor or stockbroker before you make any monetary investments. In addition, we are not trying to sell these stocks and do not get compensation for mentioning these stocks. It’s just for fun.[/vc_column_text][/vc_column][/vc_row]