At a time when investors are exploring alternative investment selections, the billion-dollar marijuana market offers new prospective. Crunchbase reported that Brad Reifler, renowned investment advisor stresses how the legalization of cannabis has become a big benefit for investors. Just a few years ago, investing in marijuana-themed stocks were an outlandish idea but it’s a legitimate business today.
In fact, this year, the cannabis business should contribute about 17 billion dollars to the U.S. economy, and by 2020, Marijuana Business Daily estimates, marijuana to be 45 billion dollar business. Currently, the spotlight is on Canadian-based medical marijuana industry.
In early May 2016, Aphria, the Canadian producer of marijuana drugs, such as depression, went public in Toronto. In just six months, the share price had risen by a whopping 127 percent. Whoever had invested $1000 dollars in Canada could sell their shares now for approximately $2500 dollars.
Doing even better, says Brad Reifler, is Aurora cannabis, another Canadian marijuana producer. Within a year, their shares have risen by 540 percent. Yet, finding these unbelievable gems is extremely difficult, and requires some research and a bit of patience. You can currently access the North American Marijuana Index, which reflects 32 different companies found in North America selling cannabis and listed on the stock exchange.
That doesn’t mean the industry is completely stable yet. “There are far too few inexperienced managers and often very small companies,” says Reifler. “And this lack of experience can lead to crisis.” Learn more about Brad Reifler: https://finance.yahoo.com/news/brad-reifler-forefront-capital-want-165445401.html
The most successful right now are the pharmaceutical-based companies, but even for companies with the initial success like GW Pharmaceuticals, their future is murky with health authorities looming about. Additionally, because of issues between state and US federal laws, and no cooperation with the banking industry, the cannabis market has problems funding expansion. This presents an enormous risk for investors.
With more than two decades of experience, Brad Reifler has focused on and tried and true strategies to build wealth for his clients. No matter the destination, Reifler has a solid investment plan for success. He is recognized as a financial and investor specialist and a premier provider in financial services.
According to Barrons, Brad Reifler graduated from Bowdoin College with dual degrees in Political Science and Economics. He is a financial planner, analyst, and investor, and has served as CEO at Pali Capital, Reifler Capital Management, which he founded in 1992, and Forefront Advisory.
Brad Reifler has served on the board of the European American Investment Bank and led several organizations like the Sino Mercury Acquisition Corporation, and Wins Finance Holdings Inc. In addition to his financial analyst designations, he holds his Series 3, 7, 24, and 63 registrations.