Why Nurses Should Be Investing in Medical Marijuana
It’s an exciting time for everyone in the investment realm, as the relatively new marijuana industry now allows them to invest in shares of companies providing cannabis products for medical use. Being a young and exciting drug in the medical market – with benefits that are being utilized in the treatment of health conditions, both physical and mental – medical marijuana stocks now represent a great investment opportunity. It is also much safer than investing in the less stable recreational marijuana market, at least for now. If you are wondering why you should be investing in medical marijuana, then this article is for you.
Below are four of the most important reasons that can help you make up your mind, especially if you’re a nurse.
The medical marijuana industry is still in its infancy, so tons of growth is expected. According to Wall Street investment banks, the market is expected to grow at a double-digit annual rate for years to come. With this kind of growth, investors can certainly expect some hefty gains in the future. Investing in medical marijuana now would be like investing in alcohol right after the prohibition was lifted. This means bigger profits as the industry matures and gains more ground through market penetration with further legalizations.
Potential for big deals
Right now, big money is being poured into the medical cannabis market. This – coupled with the potential for many mergers and acquisitions with brand-name partners and relevant conglomerates – does not only promise higher stock value but a higher demand and much better returns as well.
Unlike recreational customers, medical cannabis consumers are more likely to opt for alternative products. Rather than smoking dried cannabis, they prefer cannabis oils, edibles, topicals, vapes, concentrates, and cannabis-infused beverages. These products almost always have higher price points and better margins than the regular dried flower.
Utilizing your knowledge
Business investors obviously have to study the product really well as part of understanding its benefits and why it has potential, as well as familiarizing themselves with the market and its dynamics. On the other hand, nurses may already have most of the knowledge as they readily familiarize themselves with the drug for work purposes. Knowing the ins-and-outs of the product you are investing in – and receiving constant market updates as part of your job – gives you the upper hand in many cases.
Some business analysts now forecast that soon enough, profits reaped from medical marijuana could soon top those of the tobacco and alcohol industries, making marijuana stocks some of the most profitable investments one can make.
Adding to that, total investments for medical marijuana may skyrocket even higher as marijuana companies are pouring significant funds into scientific research that aims at validating the efficiency of their plants in the treatment of various conditions.
The anticipation surrounding the medical marijuana industry can be both exhilarating and alarming. That said, if you are a new investor, always do your research on what companies to invest in, and definitely start small by injecting small amounts of money and being patient.