Analyst and natural resources expert, Matt Badiali says legalization of Marijuana has spotlighted this “natural drug” as the next gold rush. The question is, as Badiali points out, will you jump on this opportunity.
The potential is enormous, says Badiali, with more and more states legalizing the drug for medical use. The state of Colorado collected more than 200 million dollars in 2016. And although predominantly for medical purposes, marijuana is approved for recreational use in many US states. The industry is growing rapidly and has already created millionaires.
The Cannabis Surge
Marijuana is making many investors happy in recent months, thanks to the huge gains made on the stock market by companies active in the production and/or marketing of cannabis products. Take the Canadian company Tilray, says Matt Badiali, which traded on the Nasdaq with a new IPO in July. Stock went from $22.39 to $214.06, and then exploded up to $300 dollars. The jump occurred in just 60 days and was 900 percent.
Tilray was not the only surge in the industry. Cronos Group rose by over 500 percent in the last year, and Aurora Cannabis rose by almost 300 percent. Tilray is now worth over $20 billion on the stock market. Matt Badiali points out this boon of “pot stocks” is said to continue growing in the neighborhood of over $300 billion in the next 10 years.
Since Canada legalized cannabis, The North American Marijuana Index, an index made up of a dozen of the most influential breeders, pot stocks and cannabinoid-based drug developers in North America, has nearly tripled in value. But Matt Badiali points out another big gem: there are other industries looking to partner with the marijuana industry.
Molson Coors Brewing, and the British-based tobacco company, Imperial Brands have partnered with the cannabis industry. This signals new developments to come says Badiali, and in industries with steadily declining supply, like tobacco, this will definitely increase sales. With these kind of numbers, says Matt Badiali, more and more investors are jumping on the bandwagon.
Badiali is an American-educated, trained geologist who keeps up to date with market developments to give his subscribers the best data on investment opportunities. Also an author, editor and analyst, he develops several newsletters at Banyan Hill Publishing, offering first-hand knowledge and expertise that has made him a sought-after informant.