3 Marijuana Stocks That Fit in Every Portfolio
Marijuana stocks are some of the best investments to make, with legal sales in North America expected to skyrocket from $10 billion in 2017 to $24.5 billion by 2021.
That’s a 145% increase in just four years.
Of course, finding the best cannabis stocks to fit in every portfolio isn’t easy.
There are lists out there of up to 227 marijuana stocks to invest in.
We want to make it simpler and only focus on three pot stocks cannabis experts believe should be in your portfolio.
Remember, always do your own research to make sure a stock passes your investment criteria.
The price swings for cannabis stocks can be volatile because marijuana is still illegal under federal law.
However, U.S. President Donald Trump may support a bill that protects states that legalized marijuana. That means no matter how much Attorney General Jeff Sessions hates marijuana, he can’t go against POTUS’ wishes.
That’s why we had to make sure you saw these three picks today, before sales reach $24.5 billion and the rest of the market drives these prices up.
The Top 3 Marijuana Stocks for Every Portfolio for 2018
To help us narrow down the best pot stocks to own, we turned to cannabis expert Wil Ralston.
He is the president of SinglePoint Inc. (OTCMKTS: SING), a cannabis and technology holding company. SinglePoint specializes in acquisitions of small- to mid-sized companies, with an emphasis on mobile technologies and emerging markets.
With that sort of focus on the cannabis industry, it’s no wonder Ralston is plugged in to the best profit opportunities.
And it’s no wonder he’s keying in on two companies we’ve been recommending as backdoor marijuana plays.
“From Scotts Miracle-Gro Co.‘s (NYSE: SMG) investment in cannabis agriculture to Microsoft Corp.‘s (Nasdaq: MSFT) partnership with KIND, we’re seeing traditional blue-chip companies getting involved in the industry with increasing confidence. As individual states continue to legalize cannabis, we’ll likely see this trend continue. Anyone interested in investing in these companies is best served keeping abreast of news developments and watching the almost inevitable growth that occurs for companies willing to take the leap into the cannabis space,” Ralston said.
We provided all the details on why SMG and MSFT are the top “pick-and-shovel” plays in the cannabis industry on March 8, and it’s good to see Ralston is watching them too.