Top 5 ASX Cannabis Stocks to Invest in 2021
Cannabis stocks, otherwise known as pot stocks or marijuana stocks, have become a hot commodity to invest in 2021 given that billions are spent on these products around the world each year with the US likely to spend around $30 billion on legal cannabis by 2025. This is in addition to the growing demand for cannabis products in Asian markets.
The great news is that Australia is perfectly placed to take advantage of this growth, as we have the perfect climate to produce cannabis with many companies already investing heavily in this space. In a sign we are moving in the right direction, the Therapeutic Goods Administration (TGA) approved the sale of low-does cannabidiol or CBD without a prescription in February of this year.
So is this an area investors should now be alert to investing in 2021 and what are the risks of doing so?
In tonight’s Australian Stock Market Show, Dale and Janine discuss this growing segment and answer the many questions that are being asked by investors. They will also share their thoughts on the top 5 ASX cannabis stocks to invest in 2021.