3 ms·
I think I've mentioned this a few times now, but more than half the fund I know that beat the market last year did so in no small part due to Marijuana stocks.
by chollida1 9y ago
I think I've mentioned this a few times now, but more than half the fund I know that beat the market last year did so in no small part due to Marijuana stocks. Infact the space has been hot since about 2015.
Canada in particular has seen the a proliferation in growers listing on the venture exchange and we're in the middle of a round of consolidation in the industry. As a side note, this is one are that Canada leads the US, in small IPO's for junior companies, we've got a better setup for getting small companies listed and available for taking public money.
The Canadian government is gearing up to legalize it next year and there is a huge rush on to become one of the main suppliers, most analysts figure that Canada alone can support 4 -5 major growers.
My current thoughts on pot stocks is that there is lots of money to be made selling gear and being a grower, There probably own't be too many profitable companies started to sell weed to the public, as its up to individual provinces to determine distribution.