Legalized marijuana has a lot of investors having visions of lots of green. With legalization sweeping across the states, it seems to be a great time to invest in marijuana stocks. Unfortunately, it’s not.
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Here’s why the marijuana market is so intriguing, how big the opportunity could be, and why these stocks are top stocks to own.
Undoubtedly, a reversal in the federal government’s laxness on pot would be terrible news for marijuana stock investors, but not every last company would be decimated. One marijuana stock could still thrive, even with Jeff Sessions waving the metaphorical sword at the pot industry: Scotts Miracle-Gro.
Bankers, accountants, lawyers, real estate brokers and other professionals hoping to serve Maine’s recreational marijuana industry spent much of the $260,000 that has been paid to State House marijuana lobbyists so far in 2017.
Though there are a number of direct players in the industry, some of the most surprising growth can be seen in emerging industry players. One such name is Scotts Miracle-Gro.
The lawn-and-garden company Scotts Miracle-Gro has spent more than $200 million on all things related to hydroponics in hopes of making money from the growing legal marijuana sector, according to the Columbus Dispatch. Scotts Miracle-Gro plans to hold its next board of directors meeting in Colorado, where marijuana was legalized for adult use in 2014.
If you’re considering investing in marijuana stocks in the new year, here are five numbers you should know before taking the plunge.
Investors new to the sector said they are eager for a piece of a market that, by some estimates, will reach $50 billion over the next decade and are looking for ways to claim profits while minimizing legal risks.
Investors looking for a play in the burgeoning legal U.S. marijuana industry are turning to a company known mainly for its lawn-care products.
Scotts Miracle-Gro built a multi-billion dollar business by being a market leader across several categories of the lawn-and-garden industry. The problem? Those categories weren’t growing all that fast.
On Sept. 12, 2016, Cowen and Company (Nasdaq:COWN) released a report on the near- and long-term market potential of legal recreational cannabis in the United States, estimating that a federally legal U.S. cannabis market could reach $50 billion in gross retail sales by 2026.
Those who dare, win — or so the saying goes. Or, in other words, taking big risks can yield big rewards. That’s what makes the world of venture capital so exciting, or, for the rest of us, a trip to the roulette table.
After Scotts Miracle-Gro bought a hydroponic company, its stock price rose, and JP Morgan thinks it should be higher, according to an Aug. 4, 2016, article by CNN. The hydroponic company, General Hydroponics, makes liquids that can be used to grow marijuana indoors.
A subsidiary of fertilizer giant Scotts Miracle-Gro announced a deal Thursday to acquire General Hydroponics, a homegrown Sonoma County company that has become a major international supplier of liquid nutrients used to grow food, flowers and indoor marijuana.