Stage seems set for steady upwards - no doubt some pump and dump spikes along the way as it is a 'sexy stock' more prone to being hyped but not quite the same volatility as 2017 (still a 4 bagger so far though! ).
Sam Volkering counts MM as one the three biggest opportunities in 2018.. https://www.moneymorning.com.au/20171222/three-booms-2018-must-invest.html
The green rush
Take for instance the explosion of the medical marijuana boom in 2017.
Countries all over the world began to legalise this natural ‘wonder drug’. Australia came out and gave the official green light. We saw ASX ‘pot stocks’ go bananas early on, with some seeing triple figure gains in a matter of days or weeks.
There were companies that were putting out company announcements just mentioning the word ‘cannabis’ that had wild double-digit swings daily.
It was nothing short of mania. But it was a short-lived mania. Soon after the surge in marijuana stocks, the world caught on to the crypto and blockchain story.
Take note, the marijuana story isn’t going away. In fact if you’re looking for one of the biggest market opportunities in 2018, we think it’ll be back in ‘pot stocks’.
Ongoing development and research will lead to huge medical breakthroughs. Medical marijuana we think will go down as important as the discovery of penicillin. And there are a huge number of Aussie companies that are set to boom from the new ‘green rush’.
It’s one area we think you must consider investing in for 2018.
CPH Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held
