Should You Invest in Marijuana Stocks in 2024

If you’re searching for ways to make an additional profit, one of the things that you could choose to look at is the stock market. In fact, it’s one of the best places for generating revenue, mostly because it’s incredibly diverse, meaning that there are endless options when it comes to investing money – including the chance for you to buy marijuana stocks.

As you probably know, marijuana is, perhaps, one of the fastest-growing industries out there, and since more and more countries choose to legalize it in one way or another, now looks like the perfect time for funding this sector. But, what are the exact reasons why you should opt for doing this?

Fortunately for all individuals that are asking themselves the same question, the article below will shed some light on the entire topic. So, without further ado, let’s take a closer look at the list of some of the top reasons why you should choose to invest in marijuana stocks during 2024:

1. It’ll Ensure Growth in The Long-Run


If you do some digging online, you’ll quickly learn that there is a buzz around the entire marijuana market, mostly because there is an increase in the recognition of the entire legitimacy of cannabis, which means that this particular sector is expected to expand rapidly in the future.

Now, you should know, we aren’t only talking about recreational pot, we’re also talking about medical marijuana, and when you think about how many benefits and therapeutic applications this plant has, everything becomes more logical. According to a report published by Grand View Research, the worldwide cannabis market is expected to grow to $73 billion dollars by 2027.

Hence, if you aren’t planning on investing short-term, you should definitely consider long-term funding for some marijuana stocks, especially since the industry is expected to grow quite a lot. If you’re interested in seeing some of the best stocks that you could opt for, you can learn more about them here.

2. There is an Increase in The Demand

Different reports that you could find on the Internet show that the revenue figures are slowly increasing, which means that the entire sector has been experiencing a strong consumer demand. States such as California where marijuana is legal for both recreation and medicinal application have seen their businesses thriving – and this is despite the lockdown due to COVID-19.

For example, last year, Colorado’s market achieved 200 million dollars in sales during June, while they set a record during July with a revenue of 226 million dollars! This makes things pretty clear, cannabis products – including edibles and CBD oils – are in high demand, meaning that now is the time for buying marijuana stocks.

3. Incredible Revenue Figures


In Canada, cannabis’ legal status enables different companies to trade without any hindrances on the stock market exchanges, and a wide range of American and Canadian companies involved with cannabis are publicly traded in America. And since it’s estimated that the legalization will expand to other states and counties, more organizations will actually join the public listings.

Some companies saw some incredible revenue growth. For instance, “Scotts Miracle-Gro” has experienced revenue growth of 28%, meaning that it has increased to $1.5 billion in the third part of last year. Hence, incredible revenue growth is another reason why you should seriously consider involving yourself in cannabis stocks.

4. Europe is Slowly Getting on Board

Yes, Canada and America are already connected to the marijuana sector, however, Europe is slowly getting on board as well and they already have 4 out of 5 biggest international cannabis markets worldwide and Mexico takes away the fifth-largest market. Out of all European countries, Germany is the faster-growing one.

By the end of this year, Germany’s industry is expected to reach 1.6 billion dollars, meaning that there will be an increase of almost 18% since 2018. Now you might be wondering – but why is this important for me as an investor? Well, to put it simply, it’s because you’ll be capable of purchasing stocks in diverse sectors.

Although all cannabis markets are growing, you shouldn’t really invest in a single organization. This means that you should consider placing money in some other companies as well, and besides Germany, there are strong organizations in The United Kingdom and Switzerland as well.

5. There is a Demand For CBD Products


Besides the increase in the demand for cannabis, there is also a demand for CBD products. This means that you could also choose to purchase stocks for these alternatives. CBD or as it’s also known as Cannabidiol is an active substance in the marijuana plant, and since it has a wide range of wellness and health benefits, the popularity of it has increased over the last several years.

In fact, there is a wide range of CBD products out there including edibles such as gummy bears, oils that you could use for massaging a painful area, and there is also special oil that can be vaped. All of these are no longer controlled, which means that people could use them for improving their overall health and wellness. No matter what the product is, these products are all incredibly suitable options for people looking to invest in this sector.

6. It’ll Be Profitable

Last on our list, but equally important is the fact that it’s profitable. This means that, even if you’re planning on starting with a smaller purchase, you could still generate a profit. Generally speaking, the future of this industry looks incredibly bright, and with all the reports to back this claim up, you’ll definitely want to look at this sector.

After all, marijuana is here to stay, which is why all investors should strongly consider going into this market. Keep in mind, it’ll be a long-term investment, hence, you shouldn’t expect to get rich overnight, instead, you’ll be seeing steady and sturdy growth over a period of time.


To put it simply, it’s a good option to invest in marijuana stocks. After all, the global market is expected to reach billions of dollars in value in the next few years and there is an increase in the demand for cannabis-derived products, hence, you should seriously consider investing in this sector.

So, now that you’re aware of the six reasons why you should consider investing in this sector, you might not want to lose any more of your time. Instead, open up your browser and start looking for a marijuana organization or organizations that you could invest your money in.

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