Author: Travis Bouche
June 25, 2020
It is no secret for the past few years marijuana stocks have been the most buzz-worthy investment, but the past year cannabis stocks have been coming down from a high (no pun intended). However, there are a few cannabis stocks that are designed to thrive during a stock market crash and a global pandemic. Newton’s third law of motion states, “what goes up must come down”, and this applies for stocks as well as partaking in consuming cannabis. So now is the time to invest in cannabis stocks.
With 50 dispensaries and 48 of them being in Florida, Trulieve Cannabis is a great company to consider investing in. Trulieve Cannabis generated approximately $253 Million in 2019 and plans on expanding its company to markets outside of Florida such as Massachusetts. Unlike Trulieve Cannabis, which is the most profitable cannabis stock on a nominal basis, Innovative Industrial Properties is a company that seeks to acquire assets that it can lease out such as cultivation and processing sites. Innovative Industrial Properties is the most profitable cannabis stock on a per-share basis.
When it comes to investments, you have to remain patient but at the same time be a visionary. Green Thumb Industries may not have the national appeal like Trulieve, however, Green Thumb is anticipating having several dispensaries with licenses to open, as many as 96 stores in 12 states. This makes Green Thumb a great company to invest in since they are expected to see an increase in sales with the company opening multiple locations.
You want to invest in stock that has the potential to make a profit in the future as the market continues to grow. However, most cannabis stocks are speculative so you have to be comfortable taking a risk as the market is more than likely to fluctuate. Cannabis stocks are growing in popularity but be mindful that marijuana is still federally illegal, making investing risky.
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