There is so much talk lately about investing in Cannabis. Yet the question for most remains the same. How do I get started?
For most, investing can be a bit of a complicated task. So in this article I’m going to take you through my experience of how I got started investing in the Cannabis and CBD industry.
A while back I had an interest to stop living paycheck to paycheck. As I’m sure most people do. So I started playing with Forex and the Stock Market. A buddy of mine was already into the Stock Market and was doing very well off of it. This led me to educate myself more and I started to realize the lingo used in the financial market. I started really liking Forex and was making some profits with it as I was educating myself about stocks.
I started to invest what I had little by little into the stock market using an app called Robinhood. Robinhood I feel is very beginner friendly when it comes to investing. When investing in the stock market you can purchase what are called shares. Depending on the company each share can be anywhere from fifty cents a share to fifty dollars a share.
I began to realize that there were already cannabis and CBD company’s in the stock market that I could invest in, and for as low as a dollar a share! Being that I am a medical cannabis patient and enthusiast, this began to excite me very much. The cool thing is there is so many cannabis companies out there and I feel we are just getting started when it comes to the industry and how much it’s going to grow. I personally have invested in Cannabis Company’s like Aurora Cannabis, Organigram, Grow Central, yCBD, and others.
In my eyes it’s just a matter of time before cannabis is legalized nationwide, as well as worldwide. Another reason to invest in cannabis is the variety of things it can be used for. Not only for recreational purposes, the cannabis plant has over 60,000 uses if I’m not mistaken. Which makes the opportunities in the industry almost endless.
Now lets be clear investing can be a bit risky and there is the potential to lose. Yet you can only really lose if you give up and stop educating yourself. The markets will always be fluctuating with highs and lows which can be kind of scary at times. This though is why I recommend to invest in Cannabis and CBD. Because i feel it’s safe for long term investment and eventually will be used for a variety of things as it already is.
Below is the steps to take to get started in your cannabis investing journey.
- Download the Robinhood app from Google Play Store or App Store.
- Sign up and connect debit/credit card or bank account to app. (This is to deposit funds to invest)
- Find a cannabis or CBD company to invest in! Organigram, Aurora Cannabis, Aphria Inc, Canopy Growth, Hexo, Cronos Group, and many others.
- Make a trade! Trading is considered buying or selling shares of stock. The Key is to buy low and sell high to make profits.
- Sit back smoke a blunt and wait for those profits to roll in!