Marijuana companies are going public and are set to take over the medicinal marijuana industry. Companies such as Canopy Growth Corp [WEED], for example are on track to reach over 20 dollars a share by years end. Currently shares in the company are trading at about 8 dollars but it could soon be much more according to market analysts.
Many companies are making big moves and working on acquisitions to position themselves strategically in the ever-growing industry. With legalization just around the corner in many parts of the world including Canada and perhaps even the United States, companies that position themselves in the right way, are going to see unprecedented growth in the upcoming years!
Though there are many up and coming businesses, the reason why Canopy Growth sticks out is simply due to their growth strategy. They are doing what NIKE did years ago, by partnering up with key players within the industry. Recently they partnered up with Snoop Dogg’s company Leafs, and several others as well!
You could say that, the marijuana industry is currently the best and most profitable industry to get into. In the next following years companies such as Canopy Growth could potentially reach $100 a share!
If there’s a time to get your foot in the door within the budding industry, now is the time! Remember Google when the internet was still in it’s early years? Well this company could be the Google of the marijuana industry..so don’t snooze, or you might lose!