Without any doubt, you must have seen the exploitative and impressive growth of public support for marijuana, evidenced by the increasing number of states supporting the legalization of recreational and medical cannabis. Alongside this, you’ve probably heard of the enormous gains witnessed in marijuana stocks over the past couple of years.
All these developments must have gotten you contemplating with the idea of investing in medical companies dispensaries Canada. Well, that’s a good idea, and you aren’t alone. The increase in the number of investors who’ve bought shares in marijuana stocks with the anticipation of making huge returns have reasons. Well, below are 5 convincing reasons you should also join this fold.
1. Anticipated huge returns
Since the legalization of medical cannabis, several companies have embraced the idea of “going public.” By doing so, they’ve made their shares available for public stock market purchase. This raises cash that fuels additional growth. Such growth potential is a compelling reason why you should consider investing in medical cannabis dispensaries.
2. Explosive growth
According to a recent ArcView Market Research and BDS Analytics, there is expected explosive growth in the legal cannabis industry, both in market numbers and financially over the next 10 years. Medical cannabis is expected to cover 33 percent of the growth as recreational use provides for the remaining 67 percent. Isn’t this a reason to invest in a dispensary? Well, I think it certainly is.
3. Cannabis ancillary products and services
Remember that cannabis isn’t a standalone product. Several ancillary products and services depend on marijuana. That said, businesses and services offering marijuana products provide a ready market for any medical cannabis dispensary in Canada. Good examples being industries that make cannabis Breathalyzer, oils and those testing cannabis products.
4. Biotechnology use
Medical cannabis hasn’t been left out of the ever-advancing technology. Several businesses focus on the manufacture of pharmaceutical products from cannabis used to target modern illnesses and diseases. With such, investing in a cannabis dispensary won’t be a bad idea.
5. Government regulation
Government and various regulators play an important role in making jurisdictions that favour cannabis dispensaries investors. As the medical cannabis market continues to grow, new dispensaries will enter the market increasing competition. However, fair policies put in place by the government will compel various companies to adjust operational models, adjust the prices of its products and other changes that make the market fair for every investor.
Currently, there is little known about the potential of investing in medical cannabis dispensaries. However, this is key to major profits from the forthcoming medical cannabis boom. Cannabis legalization is sweeping all over, and prudent investors are poised to benefit hugely from the coming cannabis revolution.
That said, there are several ways you can put money in your Medical cannabis dispensary. The first investment is investing in pure-play marijuana stocks. You can also go for marijuana-related businesses such as constellation brands and as well invest in marijuana exchange-traded funds. Whichever option you consider, keep in mind that there are drawbacks associated with each — happy investing.