I’m your author Mr. Danky Dividends originally from the California Bay Area and now currently residing in Texas. For the past 12 years, I have worked in all areas of the Tech industry ranging from video games, mobile apps, and hardware and software development for companies like Microsoft, Nintendo, and Sony. Along the way, I would speak to my “old heads” (mentors who are close to or already retired), and the one message I heard repeatedly was “invest in the stock market.” I was told to not only invest my money wisely but invest in an industry that I’m familiar with and become a student of that industry. So, what did I choose to follow outside of Technology now that it has hit the mainstream? You guessed it, cannabis!
Why Invest In Weed?
Marijuana legalization is sweeping through the United States, bringing with it everything from small mom-and-pop businesses to large corporations. What started as legalized medical marijuana has now grown into legalized recreational marijuana, and the industry is taking over, which means that the stock market now wants its share of the pot brownie. Companies that own and operate multiple grow operations, recreational dispensaries, medical marijuana dispensaries, and product manufacturers are starting to go public, but like any industry in the stock market, not all weed stocks will be profitable.
Before investing it’s imperative to do your research, here are three questions to ask yourself before buying stock in a company:
1. Is their business model sustainable?
2. How crowded is the market?
3. Do they have diversified sources of income?
Answering the above questions will at least help you get a feel for what stocks are right for you. The marijuana industry is still in its infancy, and the cannabis stocks currently on the market now have the potential for explosive growth. By investing in this industry, you’re not only making money, but you’re also supporting the companies that grow, manufacture, and sell the products you enjoy consuming. Further, by investing now and thinking long-term, your investment will increase. Think about those who invested early on in Apple, Google, Amazon or even Microsoft, when the tech industry was in its infancy. Those investors who got in on the ground floor and rose to the top, many of those early investors are millionaires today. Take Apple, for example in 1999 their stock was $3.22 per share, ten years later they were valued at $26.47 per share, and today in 2019 they are the world’s first trillion-dollar company at $186.53 per share. When you light that next joint or take that next dab, is the brand you’re smoking the next “Apple” of the cannabis industry?
RELATED: MEDMEN AND THEIR MULTIPLE LAWSUITS
Where to find information about weed stocks
As marijuana becomes more mainstream, so are the industry’s publicly traded companies. Information about cannabis stocks can be found on traditional television channels like CNBC, Fox Business, Bloomberg, and other financial news stations. Even financial news titans like Jim Cramer are taking notice of the marijuana industry and reporting on their stocks. If you’re not keen on watching television all day, then the internet is your best bet. All the major financial websites cover the cannabis industry. But there’s also marijuana-oriented business websites like Marijuana Business Daily and Cannabis Reports. Both offer a wealth of information that will help you make smart investment decisions. Another way to stay current on your favorite Weed Stocks is to set up a Google Alert. You can then receive emails about industry stocks in general or about specific companies you want to invest in.
Mobile apps to use for Cannabis investing
As the saying goes, there really is an app for everything and investing in marijuana stocks is no exception. For example, the app Robinhood allows you to not only keep track of your favorite stocks; it also lets you invest in them as well, right from your phone. There are also various apps to keep you updated with the cannabis market like Marijuana Business Daily. I found that New Cannabis Ventures is another app that’s great for investors because it specializes in the financial side of the industry. Marijuana is eventually going to be legal nationwide, and the floodgates will swing all the way open. Investing in cannabis early can put you in a better position to navigate the industry, you can be at the forefront floor of a booming industry that shows no signs of slowing down.
Below are some of my recommendations:
Robinhood (Mobile or Web): The best place for beginners with no brokerage/commission fees you will mostly be able to buy and sell and keep your money! Started in 2013 this app features Options Trading and Traditional Market Trading. No minimum required to open an account, but I would recommend at least $100 to start your investment portfolio. No day trading is allowed on Robinhood, and you can have your account suspended or terminated for Day Trading more than 5 times in 7 days. If you are new to investing, you should not be day trading anyway! That is why Robinhood is an excellent app for newbies.
Sign up at this link and get a FREE Stock from Robinhood (https://share.robinhood.com/andrewh4057)
TD Ameritrade Think or Swim (Mobile or Web): One of the best platforms for research and market analysis! Commission/Brokerage Fee $6.95 per trade/transaction. No minimum needed to start the account, but I would also advise at least $100. Unlike Robinhood which has only been around a few years’ TD Ameritrade has been in business for over 40 years. Also, for research the platform is industry award winning for live-streams of news, articles, and even human to human support.
Barchart (Mobile or Web): Is a great place for research especially for Robinhood users that do not have a TD Ameritrade account. Barchart provides market data such as news, statistics, and detailed analysis in a variety of areas including FOREX, Options, Futures, equities and more! Barcharts is a one-stop shop to blaze your trail on your path to a successful Cannabis portfolio.
RELATED: HYPE VS. FACT: WHAT TO LOOK FOR IN THE CBD INDUSTRY
Your Cannabis portfolio awaits.
Find three stocks that pique your interest, maybe a particular brand that you enjoy is publicly traded, or your favorite farm was recently acquired by a Cannabis investment firm. Make sure you follow them carefully over the next three to six months, set your Google alerts so you can continually read news and research what new brands or services are entering the industry. Doing this will increase your chances of picking the correct stocks and the style of investing for you.
Your approach to writing content for articles is quite remarkable. What a fantastic piece! I will make it a point to check it out at a later time. I have bookmarked it. In this day and age, I find that reading really intriguing articles or reviews on the internet teaches me something new and challenging.
I loved it as much as you’ll end it here. The sketch and writing are good, but you’re nervous about what comes next. Definitely come back because it’s pretty much always the same if you protect this walk.
qellsg
Hi Neat post There is a problem along with your website in internet explorer would test this IE still is the market chief and a good section of other folks will pass over your magnificent writing due to this problem
I loved as much as you will receive carried out right here The sketch is tasteful your authored subject matter stylish nonetheless you command get got an edginess over that you wish be delivering the following unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike
My brother suggested I might like this blog He was totally right This post actually made my day You can not imagine simply how much time I had spent for this info Thanks
Wow, awesome blog structure! How lengthy have you ever been running
a blog for? you make running a blog glance easy.
The total look of your website is great, let alone the content material!
You can see similar: sklep and here
e-commerce
For the reason that the admin of this website is working, no question very rapidly
it will be famous, due to its feature contents. I saw similar here: sklep internetowy and also here: najlepszy sklep
Hi there! Do you know if they make any plugins to help with SEO?
I’m trying to get my blog to rank for some targeted keywords
but I’m not seeing very good results. If you know
of any please share. Appreciate it! You can read similar article here: Dobry sklep
It’s very interesting! If you need help, look here: ARA Agency
Hello! Do you know if they make any plugins to help with Search
Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not
seeing very good results. If you know of any please share.
Kudos! You can read similar text here: Sklep online
Your blog has become an indispensable resource for me. I’m always excited to see what new insights you have to offer. Thank you for consistently delivering top-notch content!
Wow, incredible weblog structure!
How long have you ever been blogging for? you made
running a blog look easy. The total glance of your web site is fantastic,
let alone the content material! You can see similar here
prev next and that
was wrote by Miquel83.
Wow, incredible blog format!
How lengthy have you ever been blogging
for? you made blogging look easy. The entire look of your website is great, as neatly as the content material!
You can read similar here prev next and that was wrote by Charlie01.
Wow, amazing blog format!
How long have you ever been blogging for? you make running a blog glance
easy. The total glance of your website is fantastic, as neatly as the content material!
You can read similar here prev next and that was wrote by Jackson95.
Keep up the superb piece of work, I read few posts on this website and I believe that your website is rattling interesting and holds bands of superb info .
Outstanding feature
Your blog is a wealth of information. I always learn something new from your posts. This one was particularly enlightening. Great job!blogpulse
There are some attention-grabbing time limits on this article but I don’t know if I see all of them middle to heart. There is some validity however I’ll take hold opinion until I look into it further. Good article , thanks and we want more! Added to FeedBurner as well
You’ve captured the essence of this issue perfectly.백링크 만들기
It’s arduous to seek out educated people on this subject, however you sound like you understand what you’re talking about! Thanks
Good site you have got here.. It’s hard to find high-quality writing like yours these days. I really appreciate people like you! Take care!!
Tonic Greens: An Overview Introducing Tonic Greens, an innovative immune support supplement meticulously crafted with potent antioxidants, essential minerals, and vital vitamins.
What is Gluco6? Gluco6 is a revolutionary dietary supplement designed to help individuals manage their blood sugar levels naturally.
There’s definately a great deal to find out about this issue. I really like all of the points you have made.
I appreciate the effort you’ve put into this.seo 마케팅
I’m bookmarking this for future reference.구글상위노출 트래픽
Deference to op, some excellent selective information.
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
Very excellent info can be found on web site. “The absence of flaw in beauty is itself a flaw.” by Havelock Ellis.
Simply a smiling visitor here to share the love (:, btw great style and design. “Individuals may form communities, but it is institutions alone that can create a nation.” by Benjamin Disraeli.
whoah this blog is great i love reading your articles. Keep up the great work! You know, lots of people are hunting around for this information, you could help them greatly.
It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks
Explore all Fryd carts flavors, including new and disposable options. Buy now for the ultimate vaping experience. Satisfaction guaranteed!
Aradığım her şeyi buldum.
Fantastische Website, sehr benutzerfreundlich!
Harika iş çıkarmışsınız, devam edin!
เบท365 เว็บแทงบอลราคาดี มีคู่บอลเปิดให้แทงมากที่สุด บาคาร่า อันดับ1 ศูนย์รวมเกมพนันทุกเกม สมัครง่าย ไม่มีขั้นต่ำ
เว็บจ่ายไว เว็บแทงบอลราคาดี มีคู่บอลเปิดให้แทงมากที่สุด บาคาร่า อันดับ1 ศูนย์รวมเกมพนันทุกเกม สมัครง่าย ไม่มีขั้นต่ำ
Outstanding post, I think website owners should acquire a lot from this web site its really user friendly.
Diese Seite ist ein Wendepunkt.escort bursa
Hi Neat post Theres an issue together with your web site in internet explorer may test this IE still is the marketplace chief and a good component of people will pass over your fantastic writing due to this problem
ยูฟ่า789 รวม เว็บ สล็อตออนไลน์ ลุ้นรางวัลใหญ่ได้ทุกวัน แตกง่ายทุกเกม