Are you interested in investing in marijuana stocks but don’t know the best way to get started? Don’t worry, we’ve got you covered.
Marijuana stocks are super-hot right now. That’s understandable considering the growing number of countries and states that have legalized pot in some form. Some project that the annual global marijuana market could be worth $150 billion or more within the next 10 to 15 years.
Of course, hot stocks can sometimes be too hot to handle. But even an investor who’s new to marijuana stocks can learn what to do and what not to do.
This beginner’s guide to investing in marijuana stocks will address the important things that you need to know, from the basics of the marijuana industry to the risks involved with investing in marijuana stocks. And, yes, we’ll delve into which marijuana stocks look like the best picks for 2019, too. Read on and you’ll be armed with all you need to know to participate in the “green rush” of the cannabis industry.
Basics about the marijuana industry
Marijuana has been used for thousands of years, primarily for two purposes: as medicine and for getting high. That’s still the case today. But for much of the last century, marijuana has been illegal in most of the world for either purpose.
The dynamics are changing rapidly, though. Medical marijuana is now legal in more than 30 countries. Recreational pot is currently legal in only a handful of countries, but that number could grow also.
Marijuana remains illegal at the federal level in the U.S. However, more than 30 states have legalized medical marijuana. U.S. territories Guam and Puerto Rico also allow the legal use of medical marijuana. Several of these states plus the District of Columbia have legalized recreational marijuana. More states are considering legalizing recreational