Last updated November 5, 2019
Mexico is about to legalize, What could this do for the marijuana stock market?
very soon another 128 million or so people will gain access to legal marijuana. Legislators in Mexico are finalizing regulations to make marijuana legal. The legislative effort came after the country’s Supreme Court ruled last year that Mexico’s ban on recreational pot was unconstitutional.The time is rapidly approaching for the federally legal global marijuana market to more than quadruple. What does this mean for marijuana stocks?
Yes, it is possible to minimize your investing risk while having exposure to the fast-growing cannabis industry.
Over the next decade, marijuana is projected to be one of the fastest growing industries. Having already more than tripled sales on a worldwide basis between 2014 and 2018 to $10.9 billion, the industry has some Wall Street forecasts calling for $50 billion, $75 billion, or even $200 billion in annual global weed sales by 2030. Figures like these are what make marijuana stocks such an attractive investment opportunity.
6 Marijuana Stocks to Buy for the Rest of 2019
The legal marijuana market is emerging as a growth business as more companies become public and others have ramped up their mergers and acquisitions in the U.S. and Canada
Aphria Stock Is a Standout Long-Term Winner in the Cannabis Market
It’s been a tough year for cannabis stocks, with supply concerns, industry hiccups, warnings, and poor earnings. Major companies like Canopy Growth (NYSE:CGC), Aurora Cannabis (NYSE:ACB), Charlotte’s Web Holdings (OTCMKTS:CWBHF), and OrganiGram (NASDAQ:OGI) are all well off their highs as a result.However, such pullbacks are creating sizable opportunities for patient investors.