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Only 5 years ago, few investors took cannabis stocks seriously. Today, as billions of dollars pour into the sector, the cannabis industry has cemented itself as one big disruptor in the investment world.
If you’re looking to invest in cannabis stocks, you can start here. Below is a list of companies that have exposure to the marijuana sector and are listed on US stock exchanges.
Note: The above lists may not be fully representative of the Canadian or global marijuana marketplace, and some companies may not directly deal in cannabis but have cannabis exposure.
In the last couple of years, governments the world over have become less stringent on the use and production of marijuana and hemp products, paving the way for an explosion of new businesses.
A year after Canada became the second country to legalize recreational marijuana in 2018, the legal cannabis sector was estimated to be worth $150 billion, according to Euromonitor International. Between then and 2025, they predict the sector will grow by 2,000% globally.
There’s more than one way to invest in the cannabis industry.
While smoking weed is perhaps the most well-known use of cannabis, there are many types of businesses that are set to benefit from the growing sector. Legalization of many of these products is new and in some cases, still underway. These include the following:
Unlike marijuana, hemp does not have psychoactive properties. While hemp and marijuana come from the same cannabis plant, hemp has a lower component of the psychoactive THC — which means it gives no users a feeling of “getting high”. Typically, hemp is used in food products, building materials and textiles while marijuana is used for medicinal and recreational purposes.
The legal cannabis sector is getting more mature each year, and there are a number of ways to invest in cannabis. But keep in mind that past performance is not a guarantee of profit and all investments come with inherent risks.
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