Pot Stocks + Rules of the game = Victories
Pot stocks are ready to make a comeback!
It has been a stony road. But there is a massive change happening here.
Over the past decade, the world has started to change its perspective on marijuana.
Currently, 36 states have legalized the use of marijuana for medical reasons and 18 of those states have also authorized the recreational use of marijuana.
Global marijuana sales topped $ 21 billion in 2020, a 48% increase from 2019.
Sales of medical and recreational marijuana are forecast to reach $ 55.9 billion in 2026:
That’s more than double over the next five years. Talk about growth. So how do you take advantage of this mega trend?
Now is the time to invest in green to make it green.
And here is what we recommend …
Time to be #BOP on pot stocks
Demand is strong for jar stocks.
You see, marijuana is at the forefront of a medical revolution.
It can help a wide range of patients with pain – from spinal cord injury, cancer, muscle, joint and nerve pain to arthritis.
One study found that cannabis could reduce chronic pain by 40%.
It can also help people with insomnia, depression, anxiety, and PTSD.
There are a ton of benefits to using marijuana responsibly and in a healthy way.
On top of that, the recreational use of marijuana is currently licensed in 18 states.
This means that adults can obtain marijuana without a medical prescription and can use marijuana on their own.
Over time, I think many other states will recognize the value of legalizing recreational marijuana and have people participate as a leisure activity.
This is all very #BOP (bullish, bullish, positive). But what does this mean for YOU.
Investing in companies that cultivate, produce and distribute cannabis gives you the opportunity to ride the wave of growth.
Before buying pot stocks …
It has been a volatile market. And that’s why you need to remember this:
Before purchasing ANY stock, we recommend that you use the Rules of the game – #ROTG:
- Never make an all-in bet.
- Balance your positions in your portfolio.
- Build up your positions over time. That is, do not throw your money away all at once. Instead, put in some money in a few weeks or months.
- Take profits on the rise.
- Save money.
The #ROTG is your model for stock market success and it will show you how to protect your portfolio.
It provides you with volatility buffer and emotional security blanket.
No action will rise or fall in a straight line.
Our readers know that if you’ve purchased our pot broth recommendation: ETFMG Alternative Harvest ETF (NYSE: MJ).
It’s been a roller coaster ride this year, but Ian Dyer is solid with his price target of $ 40 by the end of the year.
For broad exposure to pot stocks, you can add the MJ Exchange Traded Fund to your portfolio today and take advantage of the rebound to come.
If you want more straightforward games, check out Paul’s secret wallet.
So far this year we’ve seen countless deals, mergers, acquisitions, partnerships… between all types of marijuana companies.
I think these business-to-business deals are a very bullish sign.
In Paul’s secret wallet we currently own six marijuana companies in the open model portfolio.
Four of them are already on the rise, including a triple-digit winner after 21 months.
We will continue to own these companies as we believe larger gains are ahead and will keep an eye out for other potential winners.
Click here for details of our strategy when it comes to targeting speculative gains such as those held by the marijuana industry.
Investment Analyst, Bold Profits Publishing