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Hashish Shares are Scorching on the Watchlists of American Buyers

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As the cultural landscape continues to embrace recreational cannabis, recent reports reveal promising opportunities for American investors in cannabis stocks.

Currently, 33 states have already initiated some form of cannabis legalization, and with more than two-thirds of Americans in support of cannabis legalization today, compared to less than half in 2010, you don’t have to work on Wall St. to predict where this market is going.

In a recent GoBankingRates survey, analysts reveal that not only are American investors thinking about investing in cannabis; cannabis stocks are hot on American investors watchlists.

Analysts at the Motley Fool predict that recreational cannabis sales in the US will triple from $10 billion in 2018 to $30 billion by 2023.

While the data and financial figures present a compelling case to invest in cannabis, there’s another angle that some experts could be overlooking.

There are 17 states that have yet to embrace cannabis legalization. For many investors, the best course of action is to focus on the legal cannabis market in the 33 other states; however, by doing so, you might overlook the potentially explosive opportunity in those 17 states.

A Different Perspective on the Top Cannabis Stocks

According to the Motley Fool, the black market in states that have not legalized generates an estimated annual revenue between $50 to $60 billion.

Even though these states have shown no intention of legalizing recreational cannabis, the federal legalization of cannabis would overrule certain state laws. If and when this happens, a large portion of the $50 to $60 billion in sales on the black market would shift to legitimate businesses.

Due to the possibility of this outcome, sources like Investopedia have a different view on cannabis stocks and predict that companies like Village Farms International, Amyris, and iAnthus Capital Holdings will be the highest valued cannabis stocks for 2019.

While many believe that the federal legalization of cannabis is a very high possibility, there’s no way to know for certain. Following this approach does present the potential for greater earnings; however, it is accompanied by greater risk as well.

Last year, the industry achieved a major victory when Cannabidiol (CBD) derived from hemp (cannabis containing no more than 0.3% THC) was federally legalized; however, legalizing cannabis is a far greater challenge.

The one thing that a majority of investors do seem to agree on is that the cannabis market is definitely poised to explode. Are you ready for the green rush?

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Beth Edmonds