Cannabis holds proven medical benefits in the area of pain relief, nausea relief and other medical areas. But only in the the last few years that cannabis legalization and formalization trend started slowly, but surely spreading across the world. This development is bringing cannabis from the street dealers to white collar corporate business and stock markets.
The Evolvement of Cannabis Stocks
Since 2014 the yearly profit from marijuana sales have been estimated in Billions of dollars. This started when Colorado became the first American state to partly legalize the use of cannabis. Now 11 states have legalized the use of cannabis for – marijuana, while 33 states have legalized cannabis for medical uses.
Legal medical and personal use of cannabis is growing and developing at an astonishingly fast pace. Though many new companies and players are just entering the promising market the pioneers who took the risks, a few years ago, at this point are operating the millions and selling their shares to investors on the world’s main stock exchanges, including NYSE and NASDAQ.
Investing in Cannabis
At this point you may be wondering what the legalization of cannabis and it moving to the mainstream means for you as a trader. In fact, this sector of the stock market is still in its beginning which means that now is the best time to get in. As more states and countries legalize cannabis – fueled by greater acceptance from the public – there is every reason to believe that the cannabis industry’s continued growth looks good.
Why Invest in Cannabis CFDs?
CFD, which stands for Contract for Difference is a popular form of derivative trading. CFD trading allows you to speculate on the rising or falling prices of financial instruments such as stocks or currencies. The main difference between CFD trading and stock trading is when you trade a CFD, you don’t own the underlying stock, but can still benefit if the market moves in your favor. To read more about trading CFD vs. stocks, click here.
Recent researches suggest that the cannabis industry could be worth as much as $75 billion by 2030. With predictions like these, it’s no surprise that savvy traders have been trading the cannabis market eager to take advantage of on the latest cannabis industry.
Benefits of Trading Cannabis CFDs
Why trade on cannabis CFDs instead of buying cannabis stocks? There are a few unique advantages that CFDs offer over the traditional investment. Read the full series on investing on CFD vs. Futures, CFD vs. Stocks, CFD vs. Mutual Funds and CFD vs. Real Estate.