From the Desk of Ian Cooper
The cannabis story may be one of the most controversial investment ideas.
Of the investors I’ve spoken with, they won’t invest in it simply because they don’t believe in legalization. They don’t want to support companies leading the charge.
However, I’ll tell you what I tell them.
It doesn’t matter how controversial the topic is. We’re investors. We simply want to invest temporarily, wait for the run, and take our profits.
Plus, the cannabis opportunity before us should not be overlooked.
It has the potential to create sizable wealth – for the second time.
Even major retailers are waking up to the opportunity.
DSW for example, has been running tests in its stores with CBD, announcing plans to expand such products to nearly 100 stores. Neiman Marcus is pushing ahead with CBD sales at some of its stores and online. Simon Property Group is partnering with Green Growth Brands to open 108 stores in its malls just in 2019.
Barney’s is launching “The High End,” a luxury cannabis retail shop in Beverly Hills, California in partnership with cannabis company, Beboe.
"Barneys New York has always been at the forefront of shifts in culture and lifestyle, and cannabis is no exception," said Daniella Vitale, Chief Executive Officer & President, Barneys New York. "Many of our customers have made cannabis a part of their lifestyle, and The High End caters to their needs with extraordinary products and service they experience in every facet of Barneys New York."
Now, even the CEO of Whole Foods has indicated he’s keeping a close eye on cannabis regulation, suggesting that it could show up on shelves. “If cannabis is ever passed in Texas,” he said, as quoted by Leafly, “chances are good that grocery stores will be selling that, too.”
In fact, if Texas gets its way, we may see cannabis products at Whole Foods very soon.
Top Cannabis Stocks to Watch
Curaleaf Holdings Inc. (CURLF) just opened 42 retail stores with hopes of having 67 stores up and running by the end of the year.
Green Thumb Industries Inc. (GTBIF) owns and operates a national chain of retail cannabis stores called RISE dispensaries.
Tilray Inc. (TLRY) just jumped into the U.S. CBD market after agreeing to acquire Manitoba Harvest for $317 million in cash and stock. Following the purchase, Tilray has plans to launch CBD-derived products in the U.S. as early as this summer.
Manitoba Harvest CEO Bill Chiasson said the “current plan is to introduce a line of CBD-infused tinctures, a CBD spray and CBD gel caps,” as quoted by MarketWatch. "We have retailers who have expressed a lot of interest in that, in states where it’s more friendly.”