The founder of Pepper International Carol pepper is convinced that stocks cannabis growers have a huge growth potential due to unique product features and is the next gold rush for investors. In her opinion, even after the explosive growth in 2018 they will not shrink as much as bitcoin. It is reported by CNBC.
Pepper International is engaged in consultation of family offices from the US, Europe, Latin America, the Middle East and Asia.
Note that in the last year, the new York stock exchange (NYSE) and Nasdaq have added to the listing of canadian company Canopy Growth and Cronos Group. During the year, their share has increased by 65% and 115%, respectively. A strong push for cannabis growers was the decision about legalization in Canada, after which they began their expansion to the European market.
Pepper stressed that marijuana is still actively used in medicine, including the treatment of arthritis and even epilepsy, and demand will grow.
On the question of why stock manufacturers will not repeat a downward trend of bitcoin after strong growth, she said that cannabis is a phenomenal product with the precise properties. More arguments in support of its position, the pepper is presented.
She also added that in the future, American manufacturers of tobacco products and alcohol will also come out on the market marijuana.
It is noteworthy that the product has been legalized in ten States and the district of Columbia, although at the Federal level, there is still a ban, which is probably significantly hindering the ability of U.S. companies.
We will remind, the founder of the cryptocurrency Bank Galaxy Digital, a well-known venture capitalist and billionaire Mike Novogratz is also confident in the growth of the cannabis industry in the long term.
However, in the fall of 2018, he had intended to open short positions on a number of marijuana growers in the first place — against the company Tilray.