A jubilant group of early pot stock investors welcomed the first day of 2018 in celebration of legal recreational marijuana hitting the markets in California. The forward-thinkers foresaw this as the most significant day in the history of legal cannabis. But if you were not among these early investors, it is not too late to join.
The largest gains come with the long-term investments, marijuana stocks included.
And make no mistake, a lot of money is on the line pertaining to California’s annual cannabis sales – a projected $5.1 billion by 2019 – opening up possibilities for huge investor gains.
(For more on California’s marijuana market, read What Affect Will the Largest Pot-Jobs Creator Have on Marijuana Stocks?)
The Gallup poll findings through the years make this clear through the voice of Americans asking for marijuana to be legalized.
Do You Think the Use of Marijuana Should Be Made Legal, or Not?
|Date||Yes, Legal||No, Not Legal||No Opinion|
Cashing in on California’s “green rush,” as it’s been coined, does not require investors to have a personal liking for marijuana, but it may be time sensitive in nature.
Marijuana stocks investors may want to take the leap into California weed stock investments at the ground level, before the industry further explodes.
Money Morning Director of Technology & Venture Capital Research, Michael Robinson, suggests this may be one of the best chances to see a big turnaround from even a small investment in a brief period of time. Robinson is considered to be among the current top financial analysts.
Last year he released a comprehensive guide to investing in pot stocks, The Roadmap to Marijuana Millions, which has also been called “the bible of weed investing.” The guide has helped lead investors toward the most lucrative weed stocks in the U.S., of which 21 surged more than 1,000% in 2017.
This year, California is expected to play a large role in the growing success of marijuana stocks in 2018, even if the rare quadruple-digit gains of last year are not sustained.
Of course, California is not the first state in the U.S. to shift to legal recreational pot. The Golden State’s opening of a legal market followed in the footsteps of Washington, Colorado, Nevada and Alaska. Since California’s legalization, Massachusetts and Maine have followed suit.
As it currently stands in the U.S., 22 states have legalized the use of medical marijuana; only eight states, plus the District of Columbia, have moved to legalize recreational marijuana.
The legalization of recreational marijuana in the U.S. tends to have a significant positive impact on marijuana stocks outside of the U.S. as well, namely Canadian, which also benefits pot stock investors greatly in expanding investment opportunities.
The day after California’s legal market opened, Canadian cannabis-related stocks soared. Canopy Growth stocks rose 9%, Aurora Cannabis stocks increased 24%, GW Pharma jumped 2%, Aphria rose 8%, MedReleaf popped 27%, Cronos Group climbed 5% and CannTrust saw a 5% increase.
All of this is further evidence of the potential impact California’s recreational market bears on the marijuana industry as a whole, and in particular, weed stocks to invest in.
(For more on pot stock investments in the U.S., read American Marijuana Stocks in 2018).