Key takeaways
- 37 states have legalized cannabis for medical use, and 21 states have cannabis legal for recreational use
- There are many options for investing in cannabis stocks, from growers to REITs, and even software companies
- While cannabis is legal in many states, it is still federally illegal, which is a risk investors need to consider
As more states legalize marijuana for recreational use, the number of cannabis companies has grown. With an estimated market size of $16.7 billion that is expected to grow 25% annually until 2030, there is money to be made. Here are the top cannabis stocks to look into, as well as a major risk investors need to be aware of—plus how to get invested in cannabis with Q.ai.
The allure of cannabis
People seek relief from life’s daily stresses through mind-altering means such as cigarettes and alcohol. The problem is these two substances have harmful effects on the body when consumed over time, even though they’re legal. Cannabis, which has a variety of ingestion methods, is felt to be less harmful than alcohol and cigarettes while delivering a predictable and controllable high.
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