Explosive industry stats prove the profits have only just begun…
Cannabis stock prices reflect investor behavior, not company performance. That much has been made clear over the last several months.
And a short-term market trend certainly does not reflect the long-term moneymaking potential for cannabis investors.
Because despite stock prices dropping, the top-performing cannabis companies released record-breaking earnings reports for the second quarter of 2021. Subscribers to NICI Membership can click here to read more about those results. (Not a member? Click here to join.)
Then last week, when cannabis analytics firm New Frontier Data released its annual report on the state of the cannabis industry, we saw equally record-breaking statistics about the growth of the industry as a whole.
We’re talking numbers to the tune of half-a-trillion dollars spent on cannabis globally in 2020 between both legal and illegal sources.
And that’s just a taste of what this report revealed.
The fact is that regardless of temporary dips in stock prices, the cannabis industry is growing leaps and bounds with no sign of slowing down.
But before I go, have you seen my newest episode of Office Hours? I dove into whether or not I still think Jushi Holdings Inc. (OTC: JUSHF) is still a good investment, plus more answers to viewers’ hard-hitting questions. Click here to watch.
To your investing success,
Executive Director, National Institute for Cannabis Investors
3 responses to “The State of the Cannabis Industry: 8 Reasons Why Your Pot Stocks Are Nowhere Near Done Making You Money”
September 21 2021