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Weed Stocks to Watch Out For Right Now
It is effortless to buy marijuana in more parts of the U.S. and Canada right now as it is to invest in it. This means that there are now so many marijuana stocks to watch out for. But as everyone expresses interest in cannabis and its plant relatives, is it worth the cash?
As investing in marijuana becomes easier in more parts of the U.S. and Canada, so has to buy also. In turn, the list of marijuana stocks to watch has also gotten longer. In 2018, the marijuana stocks to watch out for were Cronos Group (CRON), Canadian marijuana companies Canopy Growth (CGC), and Tilray (TLRY).
In 2018, Cowen & Co. estimated that if the nation legalized recreational use, then by 2030 marijuana sales could reach $75 billion. According to Deloitte, legal recreation cannabis sales in 2019 could reach $4.34 billion in Canada. After long worry about how legal cannabis would affect sales and other drink makers, big alcoholic companies are joining forces with the industry. Those companies believe people will drink to get high rather than drunk. Also, cannabis executives say the plant could replace things such as pain meds and sleep aid.
However, there’s the need to be cautious. While the industry grows bigger with huge investments, nobody can confidently tell when the whiplash in marijuana stocks might set into the mellow slopes, say, Apple’s (AAPL) stock chart. The SEC has given an investor alert, which displays signs of fraud to look out for. Many marijuana brands are chewing up money while expanding. Nobody can tell which company will stay after the current fuzz.
Look at the stocks you should watch out for though;
– CGC STOCK
– MEDMEN STOCK