3 Reasons to invest
Canada became the first major world economy and the second country after Uruguay to legalize recreational marijuana. Also, the opening-up of several medical marijuana markets on the international level is pending. Meanwhile, things are looking up in Germany, the United Kingdom and Mexico.
By 2022, the marijuana market as a whole is expected to reach as much as $32 billion while the U.S. market alone is scheduled to hit as much around $24 billion. This means that there is a large amount of room to grow as far as the export of the product to Canada’s southern neighbor is concerned.
Cannabis companies are new, and their stocks are even newer. If the industry continues to grow, more cannabis companies will go public and the existing ones will expand in size/value. Buying a weed stock at its current low-ish value lets you, the savvy investor, maximize potential gains and returns if you hold on to this stock for years.
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