Colorado was the first state to legalize recreational marijuana and sales for the fiscal year ending June, 30th 2016 exceeded $1 billion for the first time in US history. The process of selecting the best cannabis stocks to invest in starts with doing some research on the current state of affairs for this delectable marketplace. Do you have your favorite marijuana penny stocks picked out yet? This new medical marijuana market could be worth upwards of $21 billion by 2020 according to some estimates. The next gold rush will get its investors higher than the pot that is creating the opportunity for profits. See Also: Top Cryptocurrencies for 2022 Why People are Investing in Marijuana Stocks This could be like trading marijuana stocks in 2016! Also, pay attention to the hype around the cryptocurrency trading trend in 2022. As medical marijuana continues to become more accepted and legalized around the country, medical MJ stocks will continue to gain popularity and recognition from the rest of the stock market. In fact, some of the best marijuana stocks to buy have been lower-priced cannabis penny stocks over the past couple of years.īelow are the top 10 pot stocks to watch that have the potential to double or triple in 2022. Marijuana penny stocks have seen some of the highest growth rates of any stocks in recent history and we don’t see that growth slowing down any time soon. It is difficult to argue with the growth rate of MJ stocks over the last few years. The change of opinion by the general public regarding marijuana and the level of social acceptability has also created a profit opportunity. Times are different now.Ĩ states have legalized the use of recreational medical marijuana while 28 states have legalized the use of medical marijuana. It wasn’t long ago when investing in marijuana meant giving your buddy money for seeds, grow lamps, and bail money for when he would inevitably get caught with weed and go to jail.
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