This year has already started to show some of the potential winners that could remain. Many of the top executives in Wall Street have stated that this could be the year of cannabis as the market continues to make solid strides in the right direction.
Vivien Azer, a research analyst stated recently that the global cannabis market could potentially be worth as much as $500 billion at the end of the next decade. Her findings were based on some of the top companies in the industry and how the demand is continuing to rise at unprecedented levels. She stated that “we expect continued growth in newly established U.S. states, and more robust growth in Canada as more supply comes online and new form factors hit the market.”
While some stocks may be larger than others, in no way should this defeat the potential of the smaller companies in the industry. Some of the major small/mid-cap marijuana stocks have shown the most promise due to the amount of intrinsic value they offer with new products and innovative business methods.
Next Green Wave (NXGWF) (NGW) is a prime example of a business that is only recently seeing its potential realized. NGW saw its stock shoot up by as much as 100% during the last month-long period beginning around early December. Much of this can be attributed to their continued effort to produce massive amounts of high-quality marijuana as well as a completely vertical business model.
Next Green Wave recently announced that they would begin trading on the OTCQB Venture Market, as well as continuing to work toward seeking the Depositary Trust Company eligibility. All of these factors have helped investors to continue viewing Next Green Wave as a company with massive plans for the future.
Exclusive: One Marijuana Stock Aiming To Dominate The US Market
The company also announced that they will be working toward producing the highest quality cannabis seeds and genetics to help future products be up to speed with the market. Leigh Huges, the Executive Chairman of the company stated that, “As a Company, our vision is to build a world-class nursery that pushes the innovation envelope in the cannabis industry. We have one of the world’s most exceptional breeders and cultivators-Michael Jennings-who is determined to execute Next Green Waves’ vision to develop a distinguished nursery for the medical and adult-use cannabis market in California.”
Next Green Wave Making Headlines In January: Next Green Wave Holdings Inc. (NGW) (NXGWF) Acquires Extensive Catalogue of Cannabis Genetics
Constellation Brands (NYSE:STZ) which famously made headlines after investing over $4 billion into Canopy Growth Corp. (NYSE:CGC), has also managed to see large gains in the recent weeks. The company made headlines during the mid-week trading after shooting up by as much as 6% by the end of the day on Thursday, January 10th. Although much of the gains from the company’s investments have yet to be realized, many investors are watching Constellation as they move into the future.
Canopy has also continued to shoot up in value which of course has a high correlation to Constellation. All of these factors are continuing to go into play as we watch some of the largest names in marijuana make new headlines.
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