Are These Marijuana Stocks Safe Bets?

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The marijuana industry has become notorious for its volatility throughout the past few years. With so many ups and downs occurring throughout the industry, many wonder which stocks if any, are a safer bet for investing.

Of course, it’s worth mentioning that volatility can be a good thing and can be quite beneficial depending on the investing style, but stability is something that many look for when investing in the market. For those investors, there are some companies out there that have become known as safer bets in the marijuana market.

One of the safest sides of the market is the ancillary companies that either make a product for sale in the industry or help to ensure the flow is maintained. These companies can be involved in packaging, financing or other various industry needs.

Leafbuyer Technologies, Inc. (LBUY) is one of the leading online resources for those in the cannabis industry. The company works off of operating a web presence that allows consumers to learn, find or research anything about the cannabis market. This includes various products as well as locations of dispensaries dependent on the user’s location.

Since the beginning of the year, Leafbuyer has shot up in value by around 95%, however, prior to this, they have maintained quite a bit of stability in their pricing. Much of this uptick in pricing is due to to the recent legalization of recreational cannabis occurring throughout Canada.

This was one of the largest updates to the market and was behind many of the largest upticks in prices during that time period. Looking at the future, however, Leafbuyer may be able to continue on their road to the top of the online cannabis resources as competitors are far and few between.

Scotts Miracle Gro (NYSE:SMG) is another ancillary business that deals within the cannabis market. The company made headlines a while back after acquiring Hawthorne Gardening, a hydroponic supply company that caters more directly to the cannabis industry. Because of that acquisition and some others, they are now able to offer everything from fertilizers to irrigation systems and more.

Looking at their stock pricing, the company remains up by around 18% since the end of December. This is quite a positive bullish trend and shows just how much interest is growing among the marijuana industry. More and more growers are working to build out their marijuana businesses, which means Scotts could continue to become an even more valuable resource to them.

Currently, their market cap lies around $4 billion which makes them one of the larger ancillary businesses that deals within the industry. This number may help to give investors more of a sense of confidence as they are more likely to know what they are doing moving forward.

While stability may be tough to come by in the marijuana industry, there are some ways to get around it. The extreme volatility that has swept through the market seems to be on the way out as more time is leading to more stability.

Marijuana-stocks

Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC (owners of MarijuanaStocks.com), Midam Ventures LLC and Leafbuyer Technologies Inc., Midam is being paid $50,000 for a period of 30 days beginning November 1, 2018, and ending November 30, 2018. Midam has been paid an additional $50,000 and 40,000 common restricted shares of Leafbuyer Technologies, Inc. extending the contract another 30 days ending December 31, 2018. Midam has been compensated an additional $50,000 by Leafbuyer Technologies and has extended its period of coverage to January 31, 2019. We own 77,000 shares of Leafbuyer Technologies. We may buy or sell additional shares of (LBUY) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about Leafbuyer Technologies Inc. Click here for full disclaimer 

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