As marijuana legalization begins to slowly roll out state by state, it follows that marijuana-based businesses have cropped up, and many are trying their hand in the public markets. It is difficult to maintain an objective view of an investment that is so politically charged sometimes, but we cannot dismiss an entire sector out of hand. So, let’s have a look at what marijuana stocks might be worth considering.
Marijuana Stocks to Consider
First up is General Cannabis Corp. (OTCBB:CANN), a company that is staying away from growing and selling, which is where the risk is, and focusing on services. It also trades at about $10 per share.
CANN acquires and leases cultivation space and facilities to licensed marijuana growers and dispensary owners. It also provides security services and cash transport to licensed cannabis cultivators and retail shops. It offers consulting services to the cannabis industry that comprise of obtaining licenses, compliance, cultivation, retail operations, logistical support, facility design and construction services. Additionally, it provides direct term loans and revolving lines of credit to businesses involved in the cultivation and