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No one can deny that marijuana is having a major moment right now. Currently, the marijuana industry is supported by over 400 million fans and continues to become a rage across the globe, and you can see at i49 just a little bit of the enthusiasm. The companies involved in the selling and production of this plant are heavily investing in research and development. Owing to its touted health benefits, marijuana has gained wide acceptance and continues to become a mainstream product in many countries across the globe. Although it was popular for recreational purposes, now with some evidence, this compound is used as a medicine to treat different health conditions.
The problem with marijuana stocks is, critics believe that the current net worth is an underrated figure. This is because marijuana once was a major commodity in the black markets. Some countries that still observe a complete ban on this compound are loaded with illegal manufacturers making a fortune by selling it online and through small local platforms. Luckily there are several marijuana strains in the market that can be given attention if you have plans to invest in this plant. Currently, marijuana is a popular cash crop for businessmen, which is why they are interested in taking its business to the next level. Here, we will take a look at a few marijuana stocks that are worth investing your money in:
1. Aphria Inc
This is a Canadian based company that announced stocks for the general public last year in November. They sell a vast array of marijuana strains and have plans to expand operations in different countries. They solely sell marijuana for recreational purposes, so it is hard to expect they have any plans to sell medicines made from this compound. They recently hired an entire team of experts who would not only research this compound but will also help in promoting their products in the best way possible.
2. Aurora Cannabis Inc
This, too, is a Canadian based company that has dived full throttle in the production and selling of this compound. The company announced that it has plans to replace their old CEO. Although this hasn’t been done, there are good chances, a new person will be in the power position sometime soon. The company is currently selling 12.2 million shares for the public. This means, if you have plans to invest in their stocks, it’s the right time to do it.
3. Innovative Industrial Properties
Although it is a real estate company, the properties are primarily used for the cultivation and production of the marijuana plant. This company has been working for a long time to provide properties for encouraging growth of marijuana. So investing in their shares is a good option for any business owner this time. It is important for you to note, the marijuana cultivated in their properties is used for medicinal reasons.
4. Sprott Inc
Sprott is an asset management company that provides services to clients with regards to broker dealing, portfolio management, consulting, and much more. Their services are mostly provided to people who have a strong stake in the cannabis industry. Its collaboration with the Tocqueville asset management added a lot to their total net worth.
5. CuraLeaf Holdings Inc
This company is also heavily invested in the sale and purchasing of cannabis products. The company recently replaced its CEO and has plans to expand its operations throughout the nation. The company is deciding to expand its variety of cannabis products in the coming months ahead. CuraLeaf is the perfect option for those who are not looking to invest a lot of money in this plant. They offer steady shares to the public and dislike putting their information out very often.
