How the Future of the Cannabis Industry is Dependent on Change
Competition is a natural occurrence in any market. But, with marijuana stocks, it seems to be more rampant than ever. Because of how new the cannabis industry is, more companies continue to pop up on a daily basis. These marijuana stocks are all fighting for a top place in the cannabis industry. In the past year, however, the market share of some major pot stocks like Cronos Group Inc. (NASDAQ:CRON) or Canopy Growth Corp. (NYSE:CGC) has declined. This is not due to any one thing that these companies are doing wrong; but rather the simultaneous growth of the cannabis industry.
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When the cannabis industry was first starting out, only a few companies were at the top. But recently, major marijuana stocks like Green Thumb Industries Inc. (OTC:GTBIF) have come up in a big way. In addition, the cannabis industry has grown farther than many thought it would. This includes areas such as Europe and other parts of the world. This growth has cemented a potential bright future for pot stocks and the cannabis industry as a whole.
Looking Back At The Early Days of Pot Stock Investing
In the early days of the cannabis industry, there was little competition around. This was as stated before, due to the nature of the infancy of cannabis stocks. Early on, investors were investing in mostly medicinal cannabis as it was more widely legalized than recreational cannabis. In addition, pharmaceutical pot stocks like GW Pharmaceuticals Inc. (NASDAQ:GWPH), had also begun to come up. As time progressed, more and more marijuana stocks were available for investing.
The inclusion of investing apps such as Robinhood has also played a large role in the development of the cannabis industry. And while many think that they may have missed the boat on some marijuana stocks, it seems as though there is a great deal of potential left to be captured. Some pot stocks like Curaleaf Holdings Inc. (OTC:CURLF) have also completely changed the cannabis industry for the better. With the cannabis industry the way it is, many believe that the bulk of growth has yet to occur. But, with the growth of the industry comes the fall of some less competitive pot stocks to watch.
How The Cannabis Industry Could Continue to Change
In the next few years, we will witness a lot of changes in the cannabis industry. This includes the geographical expansion of the industry. With more and more countries legalizing cannabis, the future of pot stocks continues to look very bright. Of course, we have to consider that growth like this takes time. And when legislation is involved, it takes even more time. Investors should know that there may be periods of great volatility in the next few years. This volatility comes with the growth of any infant market.
And while the cannabis industry is quite large at this point, it has only been around in its current form for a few years. A lot of the future will depend on what type of laws go into place in North America and around the world. These laws will shape what happens to major marijuana stocks to watch and to the cannabis industry as a whole. But as always, the industry continues to look ripe with potential.
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