From the birth of the marijuana industry, those who grow cannabis have maintained the backbone of the budding market. Over the past several years, the cannabis industry has changed dramatically, leading to growers with market capitalizations in the billions. Due to the massive success of growing marijuana for sale on the open market, various companies have formed which is dividing the sector into everything from craft cannabis to extremely high quality hydroponic growing methods.
The advent of legal cannabis means a big change for the world. No longer is marijuana held back to being grown in someone’s house with little to no knowledge of how to do so. The modern industry has seen not only growth in the amount of companies involved, but massive advances in the way we are able to farm such a unique crop. Varying ancillary services have developed to help serve the cannabis market, but it remains that those who grow the plant are the ones who are supporting the growth of the industry.
Companies like Next Green Wave (NGW) are at the top when it comes to utilizing new methods to grow raw marijuana. Investors have remained highly bullish when it comes to Next Green Wave due to a variety of factors. For starters, the company utilizes the age-old business model of becoming fully vertically integrated. For those who don’t know, vertical integration means that the business has control over every aspect of what they produce. This means extremely high-quality crops as well as margins that are unparalleled by other business models.
Founded back in the early 2000s prior to the name change, Next Green Wave’s foray into the cannabis market came in the form of operating the real estate side of the business. When the company saw the opportunity to begin growing their own plants, they quickly jumped on board. With a massively successful track record of owning and managing properties all around the continental U.S., investor trust remained extremely high.
One of the main reasons that investors are so bullish about this one company is location.
For anyone who has ever started a business, one of the most important factors is just that; location. Next Green Wave is based out of Coalinga, CA which means that their exposure to the largest cannabis market in the world is extremely high. Some companies have shown that they have issues with overproduction and exporting their product but this has not been the case with NGW. Next Green Wave is centered between Los Angeles and San Francisco, two of the largest weed markets in the state in addition to everything in between. For these reasons, Next Green Wave is a grower of cannabis that continues to give investors a massively bullish sentiment.
The Cronos Group (NASDAQ:CRON) is one of the main competitors for any grower in the marijuana space. With one of the largest market caps in addition to being one of the first marijuana companies to list on a major U.S. exchange, the business has managed to remain in the headlines for quite some time. Cronos Group is subject to benefit greatly over the next few years as demand has been slated to skyrocket during this period. Cronos Group also is taking advantage of working to supply abroad markets with cannabis. This is yet another exciting factor for many investors. The business is considered one of the largest companies for cannabis in all of Canada which in itself is quite a great milestone. With all of this data, the Cronos Group is one of the strongholds in the marijuana stock space due to sheer size and plans for global distribution in the works.
Cannabis growers remain the backbone of the industry. These companies can continue to be watched by investors as a solid standpoint to see where the market is heading in the coming years.
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