The biggest question any investor may have before venturing into the marijuana industry is if it’s safe to buy pot stocks. While there’s no way to guarantee how a certain stock share will perform, investors can still use highly effective techniques to analyze its potential market movement.
Aside from medical demands for CBD oils, its growth in the stock market may reach an increase of 700% by 2020. What’s even more impressive is the fact that it could surpass $3 billion in 2021.
Plus, with the number of recreational marijuana users switching to CBD, it may even be possible to reach these figures sooner. Since states are beginning to legalize the use of cannabis, the demand for the plant continues to rise.
Leading hemp research organization the Hemp Business Journal confirmed this when their marketing research team analyzed trends in the marijuana industry.
Additionally, many big companies have reported great success in their investments with medical cannabis. This is a good sign that investing in CBD oil stocks might be worth a try.
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