Investing in Cannabis For Dummies (For Dummies (Business & Personal Finance))
Invest in one of the most exciting and booming industries available today
Investing in Cannabis For Dummies takes readers on an illuminating and whirlwind tour of the legal cannabis investment industry. Written by a renowned expert in the world of cannabis, Steve Gormley (also known as the Cannabis Viking), this book provides an in-depth look at all aspects of publicly traded stocks (nationally and internationally) in the cannabis industry for medical or recreational use.
This book covers crucial topics for a firm understanding of investing in the cannabis industry, including:
How to evaluate the strength of a cannabis companyThe differences between investing in public and private companiesInvesting in different cannabis silos – from cultivation, oils, and edibles, to technologyAvoiding common scams and trapsTrading strategy tips
Investing in Cannabis for Dummies is perfect for those who want to get in near the ground floor of an industry experiencing a massive expansion due to cannabis legalization around North America, Canada, and around the globe.
From the Publisher
Six Questions with Steve Gormley
Will cannabis prohibition in the United States ever end?
The U.S. has never been closer to the repeal of cannabis prohibition. As of November 2020, there are now only six states where marijuana is fully illegal: South Carolina, Tennessee, Alabama, Kansas, Wyoming, and Idaho. The other 44 states have either decriminalized marijuana and made its medical and/or adult use legal.
How soon could we see an end to cannabis prohibition?
With the election of Joe Biden and Kamala Harris to the White House in 2020, industry experts expect the federal government to follow the lead of the majority of states. It still could take up to four years to see a complete end to prohibition due to the nature of bureaucracy.
Is now the right time to invest in cannabis?
In my opinion, there has never been a better time to invest in cannabis. There is a new administration that will likely reform marijuana laws ushering in a new era in the cannabis industry. Potential investors should get in now while the share prices and valuations are still undervalued.
Where are the highest returns in cannabis investing?
The best margins in cannabis are in cultivation and manufacturing. Rate of return on investment is really subject to market trends and can be fluid as the market fluctuates.
What is the future of the cannabis industry?
The future of the cannabis industry is very bright. The global legal marijuana market size is expected to reach over seventy-three billion dollars by 2027, according to a recent report published by Grand View Research. Industry experts anticipate the market to expand at a CAGR of 18.1% during the forecast period.
How do I break into the cannabis industry?
Investing in Cannabis For Dummies is a good place to start! Get informed and seek out partners who are established in the business. Define your specific contribution to the market, whether it be capital, services, or a partnership, and then look to collaborate with someone who is a known entity in the business to help familiarize yourself with the ins and outs of the cannabis industry.
About the Author: Steve Gormley
Steve Gormley is CEO at Radiko Holdings. He’s a celebrated expert in the legal marijuana sector and his analyses have featured prominently in media outlets like Forbes, the Wall Street Journal, and Marketwatch. Steve is also Chief Operating Officer of Silverback Investments, Inc., a management company in the cannabis space.
Publisher : For Dummies; 1st edition (February 3, 2021)
Language : English
Paperback : 304 pages
ISBN-10 : 111967476X
ISBN-13 : 978-1119674764
Item Weight : 14.4 ounces
Dimensions : 7.3 x 0.9 x 9.2 inches
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