Cannabis has officially been legalized for use in more than 30 states, and Canada is following suit. As the first G7 nation to legalize the use of Cannabis, there will be plenty of marijuana stocks opening up in Canada. Cannabis is now a multi-billion dollar industry, and Matt Badiali believes we are just beginning to see the potential of how to profit from it.
Matt Badiali majored in geology while at college and also studied earth sciences before finishing up his bachelor’s and master’s degrees. After finishing up his studies, he traveled around the world to closely examine abandoned mines and oil fields. The combination of his knowledge in his sector and his experience has allowed him to teach others about the details of the natural resource investing world.
In the past, investors clamoured to invest in gold and gold mining, but Matt Badiali believes it is now obvious that cannabis is becoming today’s gold mine. Many mining companies are becoming cannabis companies, and while some are just beginning the transition, others have been able to profit in a big way. The industry is still in a “wild west” sort of phase, where alcohol and tobacco companies are not partaking. Growers of cannabis are concerned that their competition will become much greater once they do.
While United States’ investors cannot buy Canadian stocks, they can purchase cannabis ETFs. One of these is the ETFMG Alternative Harvest ETF, which holds more than $300 million in assets. There is also the AdvisorShares Vice ETF, which is set to explode as the market opens up. Matt Badiali has referred to research done by CIBC Markets, which shows that the cannabis sector will be able to pull in more profits than some of the most popular hard liquors on the market, combined. It is also expected to catch up to the wine industry soon enough. Health Canada has released a statement that it believes that medical marijuana sales will grow to a booming $1.3 billion in just five years. Wise investors would be smart to pay attention to the words of Matt Badiali as he rarely misses the mark on important investment opportunities.