Canada’s legalization of marijuana for recreational occurs October 17, 2018. That should boost marijuana production and sales—and the appeal of marijuana stocks for investors. However, even for aggressive investors, it’s important to understand the risks of investing in marijuana stocks.
The speculative appeal of Canadian marijuana stocks continues to attract investors looking for a “ground-floor opportunity.” However, the pioneers in an industry are not always the ones who survive.
There are also low barriers to entry for new competitors—and those barriers just got lower with the announcement by the federal government that it will let large cannabis producers start growing crops outdoors. That introduces a new, cheaper supply of marijuana that will compete with established indoor producers who have invested billions in greenhouses and other indoor facilities.
The government feels the new source of supply will help suppress the illegal black market for cannabis. Established indoor producers lobbied against outdoor growing, citing the risk of theft, contamination from pesticides from adjacent fields and the pungent smell of cannabis plants during flowering.
Longer term, if demand grows large and profitable enough, major agricultural and drug companies, as well as tobacco firms, are likely to enter the field and take sales away from existing growers.
Shares of many marijuana stocks may move higher as momentum traders buy the widely followed stocks on the latest upswing. However considering their current sales, many Canadian producers have very high “market caps” (the value of all shares outstanding). That means they need huge revenue growth even to justify their current stock prices. If revenues merely hold steady or rise only slowly, their stock prices will be vulnerable.
Note, too, that strong investor interest in any new area also attracts penny stock spammers—and marijuana stocks are no exception. The upcoming market boom following legalization could bring about a new wave of these penny promotions.
Our special report gives you analysis of Canada’s leading marijuana stocks today—as well as ways to profit from the marijuana boom that are very different from what many investors are thinking. Read our special free report, The Highs and Lows of Marijuana Stocks.
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This owner of specialty coffee shops hopes to rebound by branching out into cannabis retailing. It’s also conducting a strategic review of its operations, which could lead to the sale of company.
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Established marijuana companies are generally less risky than newly launched cannabis penny stocks. Those pennies promise big gains, but those gains are offset by multiple risks we reveal below. Here are five tips to help you minimize penny stock risks.
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This marijuana grower keeps adding capacity as it focuses on its unique offerings such as cosmetics and health products.
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This company aims to start selling CBD-infused beverages, including the Bob Marley brands of ready-to-drink beverages, as well as CBD oils, creams, and lotions. It now sells its products through retailers in over 60 countries, as well as over the Internet.
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Relying too much on a single geographic area has its dangers for marijuana firms, but there’s a straightforward solution if a marijuana firm has enough money for expansion and avoids the pitfalls of acquisitions.
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Even as its industry preferred to wait and see, this big bank was willing to lend to ambitious cannabis producers eager to expand. Meanwhile, its retail banking business is growing.
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A specialized marijuana growing system offers an alternative revenue stream to this company’s cannabis and cannabis-based products. Meanwhile, it continues to increase production and sign new joint-venture agreements.
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When to sell speculative stocks—including cannabis stocks—is always a difficult call. Whether cannabis stocks are in a “bubble” is uncertain, but either way, here’s some advice on how to maximize—and lock in—your marijuana stock profits.
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