Three Cannabis Stocks That Could Make You a Millionaire
In theory, any cannabis stock can potentially turn you into a millionaire. In practice, only a select few go on to do so. Most often, those that do possess such potential have big market opportunities, yet small market caps.
Nevertheless, what’s certain is that cannabis is an exceptional market opportunity that’s bound to grow tenfold in the following 10–15 years, according to estimates. So, without further ado, here are the top three cannabis stocks experts predict will earn millions.
The Valens Company — a brand that makes cannabis products according to its customers’ specific needs — will most likely blossom over the next few years. Not only do they extract cannabinoids (CBD and THC) from cannabis plants but they also make CBD-infused products such as foods, beverages, and vapes.
What’s more, the company has a market cap of about $350 million; hence, it’s bound to bring in some hefty profit over the next few years.
Organigram is the leading Canadian licensed producer of both medicinal and recreational cannabis (of the highest quality). This company is not the biggest cannabis producer in Canada, but they are by far the best. Their fiscal discipline and low cultivation costs have placed them among the best cannabis making companies.
Additionally, Organigram has a low market cap, about $450 million, which is much lower than their rivals’, making this company quite the bargain.
Innovative Industrial Properties
Innovative Industrial Properties is a cannabis-focused real estate company. It leases properties to medicinal cannabis operators, making deals that free up cash flow for tenants and bring revenue to the company.
The company’s market cap goes well beyond the $1.2 billion mark; however, the company is still small enough to bring in massive returns in the near future, as it has done so for the past three years. Merely 48 properties across 15 states are owned by the company, yet the numbers are growing rapidly.
In the end, the only thing left for us to do is to wait and see whether these predictions actually come true. One thing is for sure though — the cannabis boom is coming!