3 Moneymaking Marijuana Trends for 2019 | The Motley Fool
As 2018 comes to a close, we can honestly say it's been one of the most successful, and yet oddest, years in the history of the marijuana industry.
On one hand, this was a year of gained validity like no other. Canada became the first industrialized country in the world to legalize recreational marijuana in October, with a handful of U.S. states also giving the nod to either adult-use or medical cannabis. We also witnessed the U.S. Food and Drug Administration approve its first cannabis-derived drug and, just over a week ago, had President Trump sign the Farm Bill, legalizing hemp and hemp-derived cannabidiol (CBD) oil.
On the other hand, marijuana stocks went under the guillotine. Despite being up modestly by mid-October, the Horizons Marijuana Life Sciences ETF, a cannabis basket ETF holding more than four dozen pot stocks, lost close to half of its value in 2018. While a great year for legitimacy, it was a miserable year to be invested in pot stocks.
Image source: Getty Images.
Although It's unclear if 2019 will be any kinder to marijuana stock investors, there are three trends that could turn into substantial moneymakers.Trending
- The 3 Most Overhyped Marijuana Trends | The Motley Foolwww.fool.comMarch 10, 2019
- Budding Cannabis Trends in 2019 | Cannabis Culturewww.cannabisculture.comJanuary 2, 2019
- Motley Fool: The Top 4 Cannabis Stocks in a Hot ETFinternationalcbc.comOctober 3, 2018
- Reuters, Motley Fool, Street Register, and More Cover Medical Marijuana, Inc.’s Continued Growth - Medical Marijuana, Inc - Investorswww.medicalmarijuanainc.comMay 4, 2018