The legal cannabis industry will grow 145% from $10 billion in sales in 2017 to $24.5 billion by 2021. But there are still misconceptions about the billion-dollar market.
Workers are lazy. Building a cannabis business is easy. Marijuana dispensaries attract crime. You’ll lose all your money investing in marijuana stocks.
The list goes on.
But these misconceptions can lead to missed profit opportunities through pot stocks.
Just look at Tilray Inc. (Nasdaq: TLRY).
Tilray cultivates, processes, and distributes medical cannabis.
TLRY went public on July 19 at $23.05 per share. Today (Sept. 5), the TLRY stock price opened at $86.50 per share.
If you believed any of the misconceptions I mentioned above, you wouldn’t have invested in this company and would have missed out on 275% returns.
That’s why I reached out to leading cannabis experts to relay the most important misconceptions about marijuana that Money Morning readers need to avoid.
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