You probably thought that group of us here at CBD Cop just spend a lot of time sitting at our desks, figuring out the next hot CBD products. (Like CBD Gummies, oh man.) And, well, you wouldn’t be entirely wrong about that assumption. But, we’re adults just like you, and that means that we have material worries, too. We all want to be financially comfortable. And, as it turns out, there might be a financial future in that leafy green plant we all like to talk about. If you’ve ever been curious about the Best Weed Stocks to invest in right now, this is the article for you.
Of course, not all of us are super up-to-date on the stock market or the best ways to invest. We tend to be literary people. However, that doesn’t mean that we can’t learn more about the stock market along with you. So, we decided to jump right into this article on the Best Weed Stocks right now and see if we can get you some basic advice you need to start considering putting your money where your mouth is. Let’s do this.
Best Weed Stocks 2018: So Far
You might think that it would have been a great year for investing in the Best Weed Stocks. But, here’s the deal: cannabis is a plant. And, plants are affected by a huge variety of things. If the weather is too wet, or too dry, or too cold, that can cause a problem. Or, if there is an unusually large influx of insects, that would also be a problem. Anything can upset a certain crop, especially if it’s the only thing growing in the area. So, now it might not be so surprising that the beginning of 2018 was not great overall for investing in the cannabis industry.
Actually, that might not be a bad thing. Because, although a plant crop can feel the impact of something like poor weather, it also signifies a somewhat temporary condition. Take, for example, the late spring this year. Really, winter seemed to stretch into March and even April in some places. And, that had an effect on what would have potentially been the Best Weed Stocks. For example, we’ll discuss Scotts Miracle-Gro as one of the options below. This company’s stock took a downward turn because people didn’t buy the product (a type of fertilizer) as early in the year as normal. But, that’s a temporary problem. People will buy Miracle-Gro eventually, because despite a late spring, they’ll still be planting.
Best Weed Stocks: Investing
You probably don’t want to take a crash course in investing from us here at CBD Cop. But, we’ll just say that it makes sense you would buy a stock when its value is lower. And, likewise, you would sell when a stock is worth more. So, you can see how, while some of the potential Best Weed Stocks didn’t fare so well at the beginning of the year, this could be a blessing in disguise. You could snap up a great deal on a certain company’s stocks and end up with quite a bit of luck by the end of the year. But, let us say one more thing about investing.
Obviously, investing in stocks can mean taking a rather large financial risk. So, it’s certainly in your best interest to make sure you are getting some information from a financial adviser. In fact, you should definitely make sure you check off these three tasks before you consider really diving into investing.
- Take a good look at your finances. You want to know exactly how much money you have to invest. And, you want to make sure that you won’t need that money immediately down the road.
- Educate yourself a bit on the world of stocks and bonds. A financial adviser is critical to this step. At the very least, you need to talk to a friend or family member with experience.
- Don’t just jump in. Invest with some kind of plan.
Without much further ado, let’s get into some of the Best Weed Stocks that we’ve heard about.
Best Weed Stocks: Scotts Miracle-Gro
We mentioned this above already. Scotts Miracle-Gro is a bit of a gardener’s best friend. Now, this is an example of how you might not invest in cannabis specifically. But, rather, you’d be investing in a company that will likely benefit financially from the full legalization of cannabis in states like California. This company had a rough start to 2018 due to a late spring (as we mentioned above). But, lawn and garden products are pretty much ubiquitous. As long as people need food and plants to grow, we would guess that fertilizer would be pretty stable.
Best Weed Stocks: Canopy Growth Corporation
This is actually a Canadian marijuana grower. Now, unlike Scotts Miracle-Gro, Canopy Growth makes our Best Weed Stocks article as a company that saw a pretty decent start to 2018. Of course, there are no guarantees that the Canopy Growth Corporation will continue to have a solid year. But, it might be worth considering investing.
Best Weed Stocks: The Overview
A lot of people make money by taking relatively large risks. And, it can often seem like stocks are quite a big risk. After all, one of the major events in American history that we always hear about is the stock market crash of 1929. But, if you know how to manage your stocks correctly, and invest intelligently, you might be able to turn a profit in the end. It can help if you jump on-board with something that could get more popular (and more lucrative) down the road. So, if you are curious about these Best Weed Stocks and investing, we’re glad you had a chance to read our article today.
If you enjoy reading CBD Cop, and you want to check out some of our other articles, including things like CBD Chocolates, make sure you click around! And, if you’re curious about hemp-related products, check out the suggestions above, below, and to the side of this article.