2019 will be the most profitable year yet for the cannabis industry.
Many forecasts project total cannabis sales in the U.S. to exceed $40 Billion this year. Within the next decade, that number is predicted to climb to a staggering $80 Billion dollars. Should this become a reality, many early-adopter cannabis investors should profit substantially.
Remember that this is in the U.S. alone - this does not include the growth potential coming from Canada and abroad. And when you’ve got historically conservative countries like Thailand legalizing cannabis, worldwide growth potential becomes unfathomable. Especially when you consider cannabis export capabilities of many companies from Canada to the rest of the legal world.
Yesterday, top Wall Street cannabis analyst, Vivien Azer revealed her top picks for 2019. "Given our outlook for continued strong growth in North American cannabis in 2019, we remain constructive on all three of our publicly traded cannabis stocks… [including Canopy Growth Corp (NYSE: CGC), Tilray (NASDAQ: TLRY) and packaging supplier KushCo Holdings (OTC: KSHB)]”.
Azer believes KushCO alone could grow by triple digits this year. Azer also says she “expects continued growth in newly established U.S. states” and “robust growth in Canada” as supply increases to meet ever present demand. As you may recall, Canada’s legal market had a rough start due to lack of planning and bureaucratic inefficiencies but Azer thinks this should begin to change in 2019.
It’s worth noting to our investors that both Canopy Growth Corp and Tilray will likely continue to lose money as they reinvest into their respective businesses - Azer predicts that both companies’ operating losses “should begin to narrow or normalize” this year.
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