The cannabis story may be one of the most controversial investment ideas.
Of the investors I’ve spoken with, they won’t invest in it simply because they don’t believe in legalization. They don’t want to support companies leading the charge.
However, I’ll tell you what I tell them.
It doesn’t matter how controversial the topic is. We’re investors. We simply want to invest temporarily, wait for the run, and take our profits.
Plus, the cannabis opportunity before us should not be overlooked.
It has the potential to create sizable wealth – for the second time.
Even major retailers are waking up to the opportunity.
DSW for example, has been running tests in its stores with CBD, announcing plans to expand such products to nearly 100 stores. Neiman Marcus is pushing ahead with CBD sales at some of its stores and online. Simon Property Group is partnering with Green Growth Brands to open 108 stores in its malls just in 2019.
Barney’s is launching “The High End,” a luxury cannabis retail shop in Beverly Hills, California in partnership with cannabis company, Beboe.
Now, even the CEO of Whole Foods has indicated he’s keeping a close eye on cannabis regulation, suggesting that it could show up on shelves. “If cannabis is ever passed in Texas,” he said, as quoted by Leafly, “chances are good that grocery stores will be selling that, too.”
Better yet, revenue generated from sales of CBD skin care products could grow to $645 million in 2019, according to Future Market Insights’ report, CBD Skin Care Market: Global Industry Analysis and Opportunity Assessment 2019-2027.
Top Cannabis Stocks to Watch
- Curaleaf Holdings Inc. (CURLF)just opened 42 retail stores with hopes of having 67 stores up and running by the end of the year.
- Green Thumb Industries Inc. (GTBIF) owns and operates a national chain of retail cannabis stores called RISE dispensaries.
- Tilray Inc. (TLRY) just jumped into the U.S. CBD market after agreeing to acquire Manitoba Harvest for $317 million in cash and stock. Following the purchase, Tilray has plans to launch CBD-derived products in the U.S. as early as this summer.
- Green Growth Brands Inc. (GGBXF) is marketing its CBD personal care products under its Seventh Sense Brand. It also just opened its first Seventh Sense CBD shop in Kentucky, where it is selling botanical therapy CBD-infused personal care and beauty products, including a CBD-infused body lotion, muscle balm, body wash, bath salts, a sugar scrub, a bath bomb, lip balm, and face oil.