Recommended Cannabis stocks or ETFs

The marijuana industry is made up of companies that either support, or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. In the last 2 years, many of the larger marijuana stocks have been quietly ticking upward, and once again there are whispers in Washington about the possibility of federal legalization.

Investing in Cannabis Stock

First, let’s go for the stocks. For a couple of months, Curaleaf Holdings has been on my radar. The company got its start in New Jersey, in the year 2010, by developing one of the first vaporizers to administer a single measured medical marijuana dose and it only grew from there.

Today, it operates in 23 states, including Arizona, Florida, Illinois, and Massachusetts. It owns and operates 104 dispensaries, 23 cultivation sites, and 30 processing sites. Curaleaf is becoming one of the world's leading cannabis companies by using science to enhance the customer experience. Its most recent acquisition saw it move into the European market, acquiring Europe’s largest vertically integrated independent cannabis company.

Consider the ETFs

The ETFs tend to be less volatile. I’d recommend going for Cambria Cannabis ETF even though it’s pretty new. There's not much history available, but the real reason why it is so appealing is because of Cambria’s founder, Meb Faber. Faber is a famous classic value investor - because this is his firm’s only sector-focused fund, there’s good reason to believe the sector remains undervalued.

A growing change

Public perception of weed has shifted, and as sales move away from the black market, the growth potential in this sector is still far from realized, which makes this one of the most promising marijuana ETFs available.