The Best Pick-and-Shovel Plays for the $10 Billion Marijuana Industry
Last week, I shared the best pick-and-shovel plays in the industry, providing insight from four cannabis experts on how to play this $10 billion market with pick-and-shovel plays. This strategy lets investors potentially profit without having to own a single company that touches a marijuana plant.
And as promised, I’m going to conclude our two-part series with more insight from top marijuana experts.
These aren’t just the opinions of bloggers.
They are presidents and high-level executives who have their pulse on the marijuana industry.
And by knowing what they’re watching, you’ll know where to look for the best new profit opportunities in the $10 billion marijuana industry.
The Best Plays on the Cannabis Industry
The experts I spoke with highlighted how manufacturing and packaging industries are set to gain with the coming marijuana boom.
And they each framed this industry as an essential pick-and-shovel play to consider.
Mr. Sasha Kadey, CMO of Greenlane, the leading distributor of premium brands in the burgeoning head shop, smoke shop, and dispensary channels in North America. Founded in 2005, Greenlane has over 100 employees with operations in five cities throughout the United States and Canada and has become one of the largest vaporizer and smoking accessory distributors in the world:
“For those wary of investing in cannabis but eager to reap the rewards of the booming ‘Green Rush,’ ancillary companies may present a unique opportunity to cash in with less risk. There are a number of established and newcomer businesses that provide key products and services for the industry but don’t actually touch the plant.
Betting on these companies is akin to investing in the companies that sold picks and shovels during the gold rush. It also mitigates the competitive risk because, on the cultivation and retail side, there are sure to be winners and losers. But they all rely on the same key products and services. Child-resistant packaging and smoking accessories, horticultural supplies like lights and hydroponics equipment, and compliance software all represent exciting opportunities to invest with reduced risk.”
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