Matt Badiali articulates that investing in the marijuana industry would be one of the best ventures in 2018 and the succeeding years. He announced after the Canadian government revealed that it was on the verge of legalizing the use of marijuana. Canada joins close to 30 states in the US that have already legalized the use of cannabis.
Matt Badiali’s Advice on investing in Marijuana
In 2017 alone, the trade of legal cannabis generated an annual income of $6billion. The investment expert with an educational background in geology and earth sciences articulates that the industry is likely to make more gains in 2018. Likeminded investors say that Canada’s marijuana industry would be a lucrative investment platform just like the US’ Silicon Valley. Some gold mining companies in Canada were already migrating from gold mining to marijuana. An example is Newstrike Resources that was initially a gold mining company. As a gold investor, Newstrike Resources’ shares traded at $0.05. Later on, the company switched to marijuana trading, and its share price shot up to $3.
However, Newstrike Resources’ share price dropped from $3 to $0.50 after a year. While the marijuana industry looks like a nice investment ground, Mr. Badiali claims that it is a high-risk venture. He associates the risk to the existence of black markets, and lack of uniformity in the regulations governing the trade. On that account, Mr. Badiali advices investors to gather more information on the marijuana sector before they invest. Sufficient education would help the investors make well-versed decisions that will give them an advantage over their competitors. Meanwhile, marijuana’s prices will remain at their highest, but, they are likely to start declining after more investors step into the industry. On that account, this would be the best time to invest in the marijuana industry.
Why Should investors Follow Matt Badiali’s Investment Advice?
Unlike most investors, Matt Badiali employs meticulous research tactics to generate his investment reports. He even explores new investment destinations before he chooses his position. He has a master of science and a PhD in geology and earth studies.