A little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming green revolution.
And make no mistake – it is coming. To the tune of an estimated $50 billion.
Hemp legalization is sweeping over North America – 10 states plus Washington, D.C., have all legalized recreational versions over the last few years, and full legalization comes to Canada in October 2018.
Legal pot was worth $10 billion for the U.S. in 2017 alone. And since experts have projected the U.S. industry to skyrocket to $50 billion by 2026, it’s time for investors to start paying attention.
Because whether or not you’re planning on ingesting any THC, you can’t deny the monumental investing opportunity that a potentially $50 billion industry represents.
But it’s also a relatively new industry. Untested, unproven.
And while we here at The Motley Fool love being on the cutting edge of new investing trends…
Read More and Get more information on how to invest in Pot Stocks here: The Motley Fool.com
Any cursory look at the markets would reveal that 2018 wasn’t the best year for investors. That goes for speculative assets as well, including marijuana stocks. Although going green has proven net positive for the early birds, the sector tanked heavily during the October selloff. Still, I wouldn’t drop them from your list of stocks to buy just yet.
Despite their well-publicized fall from grace, several marijuana stocks have stabilized from their severe correction. While that’s no guarantee that the industry is done spilling blood, the deflated prices will almost certainly attract speculators. Should enough risk-takers enter the arena, publicly traded cannabis companies will jump higher, even if it’s only a temporary swing.
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Here is Blondiepie’s answer to the question: if politicians who were once against Marijuana laws, and legalization and are now investing in Pot Futures and community college’s teaching courses on how to grow pot, it’s going to be a safe bet.