Despite most cannabis stocks today being Canadian, the companies listed only on the Toronto Stock Exchange are not mentioned here because investing in the Canadian stock market might be complicated for an individual based in Europe. However, several Canadian companies are listed both on Toronto and New York exchanges. The stocks trading on OTC minor exchanges are not listed here either; their extreme volatility and low liquidity make them a very risky and, after all, inconvenient trade. Ok, it’s now time to take a look at the most-traded cannabis stocks and their business model.
Stock markets can be approached as a trader or as an investor, or maybe as something in-between. As long-term investments, cannabis stocks provide next to zero guarantees of returning the invested money; thus, they are a great place to put some money you really, but really, won’t ever need. On the other hand, a cannabis stock trader can have fun with these stocks, as much as with thousands of other financial assets made for trading.
While a few companies were already listed on secondary trading markets, in 2018 the first cannabis businesses were listed on the major American stock exchanges NYSE and Nasdaq. Cronos Group started trading on Nasdaq in February and Canopy Growth was listed on NYSE in May, followed by Tilray in June who entered the market as the first cannabis growing company raising capital via a Nasdaq listing. Since then, a bunch of new cannabis players have started crowding the main exchanges in New York and Toronto, and the less regulated OTC markets as well.
SMALL PHARMA GROWING UP
It is safe to say that all major tobacco and beverage corporations have their plans to enter the cannabis market as soon as it looks proper. Tobacco corporations are experiencing a decline in their traditional business, and for sure they won’t miss this train. As an example, Altria (NYSE: MO) is the company that makes Marlboro cigarettes, among many others. After being interested in buying a minority stake in the Canadian cannabis company Aphria, the tobacco giant may want to buy cannabis company Cronos Group, even if at the moment the companies have not yet reached an agreement. These kinds of rumours usually generate big swings in cannabis stock prices, which can be traded for a profit, or a loss.
Cannabis stocks have reached the mainstream, and some of them are soaring on the New York Stock Exchange. Like any hot new sector, the cannabis industry can be confusing for an individual investor, and the risk of losing money is real. Can you safely invest in cannabis stocks today?
As opposed, if you invested in the cannabis industry over the past couple of years, there’s a good chance that you are making some money, since many cannabis stocks have grown in price over the last 3 years. The bottom line is, “timing is crucial”. And by the way, back to the Microsoft example, it’s good to know that if your mom or grandpa had invested one month’s wage in a tech company back in the ‘70s and sold their stocks in 2000, you probably wouldn’t need to work today. This is the power of being early birds in emerging markets.
Several pharma and biotech companies have started to work with natural and synthetic cannabinoids, resulting in fully developed products or candidates undergoing clinical trials. Here is a short selection of pharma companies that are fully involved in the development of drugs targeting the endocannabinoid system.
However, if you’re having seeds shipped from a foreign country to the US and worry about the possibility of interception, many of the best seed banks online are offering what is called “stealth shipping”. This is basically just a very discreet shipping method where the weed seeds are hidden within some other objects, like DVD cases, prior to shipping. This can help keep your package from being flagged as suspicious.
1. I Love Growing Marijuana (ILGM) – Top Seed Bank Overall
On the checkout page, there are multiple payment options, from bank transfers or deposits, credit/debit cards, and even Bitcoin, which can help with being as discreet as possible. And, standard shipping is free, or you also have the option of paying $25 if you prefer a tracked shipping method.
Every product listing contains a review at the bottom of the page and, with each purchase, you’ll be receiving some free seeds along with loyalty points for buying. And, when you’re buying and paying with bitcoin, you’ll also be getting 15 percent off. If that isn’t enough, you’ll also receive 25 percent more off for your first time paying with bitcoin! There’s only one downside and that is rather pricey delivery add-on charges, like the delivery insurance fee ($9.04) and the delivery charge ($8.98). At this point, let me give you the basic pros and cons of Seedsman:
Individuals should also consider the payment method they’re using. Bitcoin is usually recommended as it’s encrypted and untraceable. Though, customers can choose to pay using credit cards since purchases are insured and protected.
This seed site is easy to use and offers loads of choices, from different seed types to germination guides. It is the perfect place to shop for beginner growers. Choose from high CBD strains, autoflower options, and more.
Q: Is It Safe to Buy Seeds Online?
Delivery is free for bulk orders, while standard shipping is around $6.25. It normally takes around one to two weeks. Payment options include check, Bitcoin, bank wire, cash, debit and credit cards. Bitcoin users receive a 15 percent discount.
- Website is full of cheesy ads
- Steep delivery charges and insurance
- Reviews on the site seem biased