Ever wonder why the term “420” is associated with cannabis use? There are many rumors about how it came into being. However, the most credible story seems to be the Waldos in the early 1970s.
This culture continues but things have changed a lot since those days. The emerging legal cannabis market is one of the bigger economic forces in a generation. It offers potential operators and investors a huge opportunity. I begged my bosses to let me jump into this massive new market. After all, cannabis is likely the biggest new market of the past century. But the answer was a resounding no. I was forbidden to research this estimated $50-$100 billion market before legalization as my firm was a federally regulated financial institution. Said differently, all this current spending was going to shift from an illegal cash business to a legal, regulated market.
Is a new era beginning in 2023? I think so but it has yet to define itself. Uncertainties have re-emerged. is apparently making headway and may be the first to be listed on the TSX. In my view, this would open the floodgates to a more liquid market and could convince the Nasdaq to do the same.Despite continued challenges and potential positive catalysts one thing remains the same–cannabis is not going away. The legal market continues to grow, and many good companies are established and fully operational. for instance. In 2018 the company generated $62 million in sales.
Times during investor capitulation when fear and uncertainty are maxed out prove to be great investment opportunities. Despite the fact that cannabis investing is completely out of favor, legal cannabis is here to stay.How about an exchange-traded fund? ETFs are like mutual funds in that they own a lot of stocks and are diversified, but you can easily trade them like stocks.. This is managed by cannabis investor Dan Ahrens and it focuses on the U.S. cannabis stocks that are doing well.
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