Growth Oriented Cannabis Companies Are Your Best Bet; Don't Bet On The Government To Legalize Weed
ATLANTA, July 22, 2021 (GLOBE NEWSWIRE) -- For months the potential windfall from federal legalization of cannabis has been the focus of many mainstream financial pundits. Soon the perception became the reality and the market was actually focusing on the legislation, which never really had a chance in the first place. President Ronald Reagan once said, "I have wondered at times what the Ten Commandments would have looked like if Moses had run them through the US Congress." Most savvy investors agree with the former POTUS and never bet on political events. When it comes to investing in cannabis companies, or any other company, fundamentals matter. So, if you want to invest in cannabis stocks, forget about cannabis reform and do your portfolio a favor by focusing on industry leaders, as well as up and coming growth stocks. U.S. legal cannabis sales grew 46% year over year to $17 billion in 2020. The total U.S. economic impact from marijuana sales in 2021 is expected to reach $92 billion – up more than 30% from last year – and upwards of $160 billion in 2025, according to analysis from the newly published MJBizFactbook. New leaders will emerge and small companies will become larger companies. Those are the companies all of us are looking for.
- When it comes to investing in cannabis companies, or any other company, fundamentals matter.
- New leaders will emerge and small companies will become larger companies.
- Aphria has always been a driving force in the cannabis industry, since it implemented solid growth strategies.
- Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) is a cannabis play that only recently started capturing the attention of investors.