Marijuana Stocks Are on The Rise
More and more US States are getting on board with medical and recreational cannabis. The recent vote in Oklahoma to legalize medical marijuana made it the 30th state in the U.S. to do so, with more and more states expected to follow suit in the next few years. Not to mention, our neighbors up north in Canada recently decriminalized the plant on a federal level, with sales expected to commence in October 2018. With the stigma against cannabis at an all time low, and new businesses booming around the continent, investment in legal cannabis markets is soaring, as are the stock prices. According to Investopedia, “Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics.” This is exciting news for investors in the U.S.A. and Canada alike. With continued regulatory uncertainty in the United States however, many companies are choosing to list in the Canadian market instead.
With staggering numbers making headlines on a weekly basis, everyone wants in on the new green rush. The question is, what is the best cannabis stock to invest in Canada? While there are many options, with more companies entering the market every day, one company has caught our attention. FSD Pharma: tiker name in Canada (CSE: HUGE) USA (OTCPK:FSDDF). The company has invested in the countries (and world’s) largest indoor hydroponic facility, making them a viable competitor and potential industry leader in the coming years. Check out the video below to learn more about this exciting company or find out more at www.fsdpharma.com now.
