munKNEE.com Your Key to Making Money
…Recent regulatory changes that have made recreational use of cannabis among adults legal in Canada and the manufacture and sale of CBD legal in the United States…have led to the emergence of an entirely new market…that is bound to make plenty of millionaires [in spite of the risks associated with doing so]… Here are a few tips to help you make the right choices.
Tip #1: Invest In Cannabis Stocks That Are Consistently Releasing News
…Look at the more well-known cannabis companies that are releasing all of the news…about their progress in markets around the world. Those making the most progress now, while the cannabis sector is emerging, are the companies that are likely to take the lion’s share of the market in the future.
Tip #2: Look For Companies That Have Already Laid A Strong Foundation
…Look for companies…that already have products on the market, growing facilities, and a detailed understanding of the space. They are the ones that will likely be the biggest profit makers in the long run.
Tip #3: Consider Cannabis-Related Biotechnology Companies
Cannabis isn’t just a recreational drug…[Many] studies prove the efficacy of the plant in the treatment of various ailments [so,] as a result, biotechnology and pharmaceutical companies have been latching onto the medical benefits of cannabis for some time. While recreational cannabis is likely to be a massive market, there are few investments that pay off like…blockbuster medications…The cannabis sector is likely going to lead to several of these opportunities.
Tip #4: Take A Look At Financial Strength
…You want your investment to pay off in the long run so dig into the balance sheet, paying special attention to assets owned and liabilities. Also take a look at revenue and the cost of goods sold. This will tell you more about the company’s profitability to date and what to expect moving forward.
Tip #5: Invest In Cannabis Stocks That Represent Strong Brands
Finally, a brand is worth a thousand words, but a good brand is worth billions! There are several cannabis companies out there that have created brands that are becoming leaders early on. Since consumers like to pick a brand and latch onto that brand when buying products, choosing investments with the consideration of the strength of the company’s brand is a good idea.
Final Thoughts
There you have it. If you’re going to get into the world of cannabis investing, keep these tips in mind to help increase your chances of making profitable decisions. If you’d like a head start on your picks, check out my 5 favorite stocks in the cannabis and CBD market on Benzinga!
Editor’s Note: The above excerpts* from the original article have been edited ([ ]) and abridged (…) for the sake of clarity and brevity. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.
(*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)