Legal marijuana sales are expected to skyrocket 145%, from $10 billion in 2017 to $24.5 billion in sales by 2021. Retail investors can still get in early, but many don’t like the unpredictability of marijuana penny stocks.
That’s why I wanted to reach out to my connections in the cannabis industry and find “backdoor” marijuana stock investments for every type of investor.
These companies profit from the cannabis industry, but their stock prices are normally less volatile than penny stocks.
And the first two companies our experts told us about have been two of our favorite cannabis plays for a long time…
The Best Marijuana Stock Backdoor Investments in 2018
The first cannabis expert I talked to was 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 into 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.
Pick-and-shovel plays profit off the cannabis industry without selling marijuana directly.
That makes them less risky to own.
BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here…
The next person I spoke to about backdoor marijuana investments was Frank Lane. He’s the president of CFN Media Group, a leading creative agency and media network dedicated to legal cannabis.
And because of upcoming legalization in Canada, you can’t afford to miss what he told me…
“Because marijuana is not federally legal in the United States, access to capital remains elusive for U.S. cannabis companies, especially those ‘touching the plant.’ Many have opted to access capital north of the border, where cannabis is federally legal. Cronos Group Inc. (Nasdaq: CRON), a Canadian-based cannabis producer, through its investments, was able to list on the Nasdaq recently because it’s not breaking any U.S. federal laws.”
Cronos Group is an investment firm that invests in companies either licensed or seeking a license to produce medical marijuana in Canada.
Because the firm does not “touch” cannabis directly, as Lane pointed out, it was able to list shares to the public on Feb. 27, for $8.24 per share.
And with full marijuana legalization launching in Canada by September 2018, now is the best time to get in before the CRON stock price really takes off.
Editor’s Note: Money Morning Defense and Tech Specialist Michael Robinson shares all the details on how to utilize his dip-buying strategy, right here.
Cronos owns Peace Naturals, a company that is licensed to sell medical marijuana and cannabis oil in Canada.
It also owns Original BC, another company licensed to sell medical marijuana in Canada.
When the cannabis boom takes off up north, Cronos is ready to profit.
But that’s certainly not the only profit opportunity connected to Canada’s legalization this summer.
You don’t want to miss our complete briefing on this historic event…
Thanks to just-announced, historic legislation, a new pot stock boom is about to blow the doors off anything we’ve seen up to this point.
In a time-sensitive audio briefing, pot stock expert Michael Robinson details five marijuana stocks that are best positioned to skyrocket upon legalization – and how you can grab your stake in them.
Click here to listen to the briefing…
Follow Money Morning on Facebook, Twitter, and LinkedIn.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.