The 3 smartest ways to invest in marijuana stocks
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. But as investors, we also know that no nascent industry is without growing pains. Right now, pot stocks throughout North America are contending with their fair share of unforeseen hiccups, and investors are paying the price. Since the end of March, many brand-name cannabis stocks have lost more than half of their value. How do investors take advantage of such a rapidly growing industry that still needs time to mature? The simple answer is to invest wisely. That means not trying to time your investments, or putting your eggs in one basket. Rather, there are three ways to potentially minimize risk that still give investors a healthy dose of exposure to the cannabis industry. 1. Buy a trio of extraction-service providers Arguably one of the smartest moves investors can consider…
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