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This Surprising Stock Is the Best Way to Play the $10 Billion Cannabis Industry | The Mesh Report

This Surprising Stock Is the Best Way to Play the $10 Billion Cannabis Industry

Growth Stock Network April 11, 2018 Comments Off on This Surprising Stock Is the Best Way to Play the $10 Billion Cannabis Industry

The $10 billion cannabis industry is fueling stocks like Canopy Growth Corp.(OTCMKTS: TWMJF), which soared 182.35% in the last year alone.

But most marijuana stocks are penny stocks, and penny stock prices are notorious for volatile price swings.

That’s why we found a way for risk-averse investors to make money in the marijuana industry through what we like to call a “pick-and-shovel” strategy.

The term “pick and shovel” derives from the entrepreneurs during the 1848 to 1855 California Gold Rush who sold supplies to the miners. While only a few miners struck it rich, every miner needed supplies, and these suppliers made a ton of money.

For example, Levi Strauss made durable trousers for the gold miners in 1853, and his estate was worth $6 million when he died in 1902.

That $6 million would be worth $168 million in 2018 terms.

To help our readers build their own fortune, we’ve found one of the best pick-and-shovel plays there is in the cannabis industry: banking.

Continue Reading at Growth Stock Network



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