There is still time to invest before the green train pulls away from the station, leaving behind everyone in a hazy cloud of marijuana smoke.
I don’t mean go out and buy a big bag of weed to peddle on the streets to your friends. What it’s time to do is invest in one of the many weed stock companies currently dominating the market.
It really is an easier way to make money off of a pending legal market. Instead of having fiends blow up your phone by texting and calling, then wanting to meet you in some sketchy area, all I have to do is check the stock market and I can see how much I am up. Plus this means I don’t have to act like I’m friends with the people buying weed – we’re not friends. It’s a business.
With the Liberals’ plan to legalize marijuana, it has pushed these companies to the forefront of investment sites.
“To ensure that we keep marijuana out of the hands of children, and the profits out of the hands of criminals, we will legalize, regulate and restrict access to marijuana,” said the Liberal Party of Canada in a statement.
Canopy Growth Corp is currently the industry leader in Canada, and is expanding worldwide. They are also known as Tweed, but known on the Toronto Stock Exchange as WEED. Being the industry leader since 2014, the company recently announced huge corporate deals and massive earnings reports. At its investors meeting in September, the company announced a majority of its stakeholders are doctors, lawyers and politicians.
It is much easier to be a college student who has already invested in this company. The stress melts away when you can look at your phone while sitting on your couch and see you’ve made your months’ rent in three days.
According to Canopy Growth Corp., “Tweed doesn’t just sell marijuana; it facilitates a conversation about a product we’ve all heard about but haven’t met intimately yet. As marijuana laws liberalize around the world, Tweed will expand its leading Canadian position around the globe.”
There are many companies that students can look to invest into that are still considered penny stocks. Companies such as Aurora Cannabis Inc. trades in the $2.70 a share range, WEEDMD goes for under a dollar a share and Emblem Corporation sells for less than $2 a share.
These other companies, however, don’t promise as big as a return as their market cap. Sales and vision is lacking behind the big players, but they do show some promise to battle it out when full legalization does occur next year.
As students, we do not have enough money floating around to play heavily into the stock market, especially if it takes a hit. However, after following this market for over two years, I have confidently played the market and come out well above my initial market investment.
If anyone was looking to buy stocks, these are the ones to get behind. It is a lot more fun to sell the theoretical idea of weed, then it is to meet some guy in a back alley and do the awkward exchange in a dark alley.