Cannabis is one of the most widely used recreational drugs in the world. Cannabis, also known as marijuana or popularly as weed, is a psychotropic drug present as a plant freely in nature.
Marijuana is the leaf of the cannabis plant that is smoked as a cigarette or even drank in a fluid in countries such as India and Bangladesh.
The main psychoactive component present in marijuana is THC (Tetrahydrocannabinol). It is only one of the hundred other chemical components found in this plant.
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The hippie movement during the 1970s brought about a revolution in the way that the drug was viewed. The hippie movement brought about a change in ideas, lifestyles, fashion, and the general outlook on the use of marijuana.
A huge part of why marijuana is now popular is because of how its effects outweigh the effects of other intoxicants such as alcohol and tobacco cigarettes.
Marijuana has been proven to be a safer alternative to alcohol as alcohol has mor potential to be more addictive, harmful to the brain, and overall damaging to the organs.
Marijuana was a highly controversial product back then, with the government prohibiting people from using the drug in any form. Since the time of the hippie revolution, the drug is now consumed worldwide by millions of people in both legalized and illegal areas.
For this very reason, are people forcing governments to legalize this drug, stating its high potential in the treatment of medical issues and not just for recreational purposes.
Investing into marijuana
Funny how time flies, isn’t it? Just about 30 years back, when weed was highly controversial in most places and illegal to use, marijuana is now the most popular recreational drug as well as a medicinal use drug helping thousands of people around the world.
We’ve gone from stigmatizing the use of weed on a large scale to even invest in them now.
Your investment portfolio is very essential and needs to be treated with a lot of care and rationality. So how are you reading about an article talking about investments in such a controversial topic?
Well, the answer to that is the fact that change is imminent. The only constant factor in the world is change.
And if people can change opinions about marijuana, people will and are already starting to change their investing patterns and are now branching into placing their money on marijuana manufacturers. The various marijuana benefits in the field of medicine are as follows :
- Acts as a painkiller
In the United States alone, over 23% of all adults suffer from chronic arthritis. Arthritis is a disease that affects the bones which can cause a lot of discomfort and pain. When smoked or ingested, they can prove to be an effective painkiller.
Hence with more passing time and momentum, cannabis can be used as an effective painkiller that can replace the likes of Ibuprofen which can cause side effects.
- Treatment of other diseases
Not just highly pain inducing diseases, but marijuana can also be used to treat other conditions such as Alzheimer’s, Crohn’s disease, seizures, epilepsy, and so much more.
Although conclusively not proven to treat the underlying diseases for the long term, experimental results show improvements in people suffering from these diseases.
Benefits of investing in marijuana penny stocks
Since marijuana’s popularity is growing at a steady rate, investing in marijuana penny stocks might be a good thing for your investment portfolio.
Although there aren’t too many companies offering stocks for marijuana, it would be a good idea to look into the ones that do. Let’s take a look at the companies that offer marijuana stocks.
- Innovative Industrial Properties
Valued in the market at $4.5 Billion, Innovative Industrial Properties is an investment trust for the real estate business that is involved in investing in green housing and marketing cannabis for medicinal purposes.
At the cost of $189.94, IIPR is one of the best marijuana stocks to hold for an extended period of time, assuring over 80% returns over the holding period.
A favorite amongst stock market analysts, the IIPR marijuana stocks have over five to two is to zero respectively in terms of buys, holds, and sales.
- Zenabis Global Inc
Valued at a stock price of $0.11, Zenabis Global Inc is one of the best penny stocks to invest in. They operate under the name Zenabis for marijuana used in medicinal fields, whereas they have other brand names such as Namaste and Re-up for recreational purposes.
It is considered one of the best value penny stocks to exist on the market due to its very low 12 month trailing price to sales ratio.
MRMD, also known as MariMed Inc., is one of the fastest-growing marijuana companies. It would be a wise decision to invest in this company due to the exponential growth value of its stocks.
They are an organization in the pharmaceutical sphere involved in growing, cultivating, refining, and manufacturing medical marijuana for patients with a wide range of diseases.
They experienced a massive growth with an increase in their profits for the financial year 2023 despite heavy losses in 2018, all due to the expansion of the company in the states of Illinois and Massachusetts.
- Aurora Cannabis
Aurora Cannabis is a licensed cannabis producer based in Edmonton, Canada. In 2018, the company had five licensed centers for the cultivation and packaging of marijuana.
It entered it all time high in the stock market in 2019 when each share was valued at $5.25. But like most other cannabis penny stocks, the value did drop in late 2019 during November when it was then valued at $3.55 per stock.
The company is well trusted and is expected to do well for the foreseeable future, making it a good pick for you to invest in.