BUZ INVESTORS Marijuana Stock Predictions 2018 Wall Street is getting high on a drug, but this time it’s not a sedative with a fancy name. The new popular drug on “the Street” is marijuana, but not for the reason you think. It’s because marijuana is getting legalized left, right, and center, and traders are scrambling to make money off marijuana stocks.
The only problem is that prices have already shot through the roof, and new investors want to know what the marijuana industry outlook looks like. So, stay with me for my three marijuana stock predictions for 2018.
Plus, America’s northern neighbor has likewise given it the green light. This is no mere prediction; the Canadian government officially confirmed that it will legalize pot for recreational purposes by July 1, 2018.
We’ll see at least one prominent merger or acquisition in the North American marijuana industry that includes both the U.S. and Canada.
There are two reasons why I see that happening. One, because cross-border expansion will open doors to local marijuana companies. Two, because both “Big Pharma” and “Big Tobacco” are waiting to jump on the opportunity.
It’s no rocket science. You see, legalization of “medicinal” marijuana lures pharmaceutical companies, and legalization of “recreational” marijuana tempts tobacco companies. The big profit-seeking sharks wouldn’t want to miss a seat on this multi-billion-dollar ride.
The legal North American marijuana industry will cross the $10.0-billion mark.
Again, a no-brainer! Last year’s legal marijuana sales in the U.S. and Canada were roughly $6.7 billion, a jump of 30% year-over-year. Remember that legalization from most U.S. states came toward the end of the year 2016. So, for this year, it’s safe to assume that we’ll have a much higher sales figure when taking into account the full year.
Rhode Island will likely legalize recreational marijuana, and Texas will likely legalize medicinal marijuana.
Again, these are no wild guesses. A number of U.S. states will possibly legalize marijuana in one form or another in the coming years. That’s because government representatives and policymakers in these states are turning pro-legalization. And why not? They see it as a great value-add to the state treasury.
Just look at Colorado, the first state to legalize recreational marijuana. The state made over $200.0 million in tax revenue in the last year from legal marijuana sales. And here’s the best part: a solid $40.0 million of the tax money went to developing public schools.
It’s true that marijuana use has moved out from dark alleys to under the sun. Legalization has laid the groundwork for illegal drug money to flow into the legal pockets of governments and businesses. And likewise, investors are pocketing gains on their investments in marijuana stocks, most of which have doubled or tripled in the last year.
But I hate to break it to you that investing in the pot industry is currently fraught with risk. That’s because we may be approaching a big green bubble and, sooner or later, it could burst. Disciplined investors must understand that no accomplished investor ever made money by following the herd mentality.
|Name||Symbol||Price||$ Change||% Change||Share Volume|
|United Cannabis Corp||CNAB||1.060||0.130||13.98 %||177,280|
|Terra Tech Corp||TRTC||0.220||0.026||13.40 %||8,887,955|
|Solis Tek Inc||SLTK||1.720||0.170||10.97 %||144,310|
|Supreme Pharmaceuticals Inc||SL:CNX||1.540||0.150||10.79 %||1,387,666|
|THC Biomed Intl Ltd||THC:CNX||0.610||0.050||8.93 %||482,849|
|Emerald Health Therapeutics Inc.||EMH:CA||1.280||0.090||7.56 %||900,371|
|CannaRoyalty Corp||CRZ:CNX||2.390||0.120||5.29 %||55,513|
|Cronos Group Inc.||MJN:CA||2.680||0.130||5.10 %||253,046|
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