Today, I’m happy to release our new First Stage Investor cannabis portfolio. As you may know, stocks in this industry have been getting beat up this year. Many are down 50% or more just since the spring.
We think this is a fantastic buying opportunity. The cannabis industry is still growing quickly, and we believe it’s one of the best places to be for the next decade and beyond.
But please, be responsible with your investments. Cannabis is still a very early-stage industry. And like any developing industry, there is significant risk involved.
This industry is still dominated by retail investors (you and me) with very little institutional (big money) involvement. This means cannabis stocks will continue to be volatile for a while longer. I don’t recommend buying these companies to make a buck on a “quick trade.” I look at them as long-term investments, and I recommend you do too.
That said, there’s no industry I’m more bullish on than cannabis. And we are getting into these opportunities at a significant discount to recent highs. We spent a lot of time selecting and researching these companies, and we believe they are strongly positioned to succeed.
On the recreational side, I believe cannabis will one day be larger than the alcohol market. On the medical side, I believe cannabis is set to revolutionize the way we treat dozens of conditions, including epilepsy, depression, chronic pain and many more. We are just beginning to properly study this amazing plant, and the medical potential is simply tremendous.
Please note that most of these companies trade on the over-the-counter (OTC) market. In some cases, that means the volume is relatively low. Please use limit orders, and don’t chase if prices start to rise quickly. It’s highly likely that they’ll come back down and you’ll have a chance to buy lower when this happens.