S3qu3l1 wrote: Cannabis Update: Want To Invest In The $6 Billion Cannabis Sector?
10:48:56 04/26/2017
Apr 26, 2017 (Baystreet.ca via COMTEX News Network) -- Nobody can argue, legal marijuana is a huge growth industry, in every sense of the word. Legal marijuana sales reached $6.9 billion in 2016, and many experts predict that number may triple now that California has voted to legalize recreational use. Bloomberg forecasts that the industry may reach $50 billion in the next 10 years ($22.8 billion by 2020).
Some investors are starting to wonder if there’s a way they can make money in this sector?
Well yes there is, or at least there are stocks they can buy if they want to bet on the industry’s continued growth, which every analyst out there agrees it will.
Many Marijuana Stocks have already skyrocketed, so the trick is finding the ‘budding’ stocks in this sector that are set to launch, so you can maximize your gains.
While medical and/or recreational marijuana is legal in 28 states and the District of Columbia, it remains illegal under federal laws which were generally not enforced during the Obama administration. One of the biggest risks facing the industry today is that President Donald Trump and Attorney General Jeff Sessions may begin enforcing those laws which could conceivably cause the entire industry to shut down. So while there may a big up side to investing in the legal marijuana industry, you could also lose big depending how things play out. Keep that in mind when deciding whether and how much to invest.
Here are some of cannabis-related stocks we think have solid potential in the very near future:
1. MYM Nutraceuticals (MYMMF)
MYM Nutraceuticals is a bio-pharmaceutical company focused on production, distribution, innovation, technology and branded products related to the marijuana industry. It’s a unique formula of natural, medicinal solutions supported by integrated operations.
MYM Nutraceuticals (MYMMF) is a well-positioned company in the marijuana space taking an integrated approach with a long-term perspective. The company is a serious contender with current operations, experienced medical management and a host of early successes that put its stock on track for major gains.
MYM is based in Canada, where legislation is guaranteed under Government by 2018, and has expansion underway in the USA with their CBD line, Hempmed. They recently listed their shares on the OTCQB. Taking into consideration the coming legislation in Canada, the Growth in the USA and the new trading listing in the states, your timing is bang-on to pick some MYMMF up and watch it grow.
For more information on MYM Nutraceuticals, review this research report by clicking here
2. Medicine Man Technologies (MDCL)
Medicine Man Technologies is a consulting and licensing services company that serves cultivators, dispensaries, vendors, and investors. Its co-founder also co-founded Colorado’s largest marijuana cultivator and retailer. Medicine Man Technologies has a market cap of only $18 million, and it lost about 2 cents per share last fiscal year. But sales have been growing at a rapid clip, and the company may have real potential.
3. AbbVie (ABBV)
AbbVie was spun off from Abbott Labs in 2013 as a biopharmaceutical firm. It has 28,000 employees. Although it’s not cannabis-focused, the company already has one cannabis-based drug, called Marinol, approved by the FDA. AbbVie has a market cap of $101.7 billion, a price to earnings (P/E) ration of 16.8, and earnings per share (EPS) of $3.65 as of the end of 2016. In February, it announced a stock buyback.
Source: Westbrook Radio
https://WestbrookRadio.com