Happy 420! A Roundup of Investing Advice in the Green Gold Rush

The legal cannabis ripple effect is very real. As more states legalize, marijuana usage affects a slew of businesses and sectors that can be helped or hindered by the leafy green. Medical and biotech as well as fast food (hello, munchies) are all worth looking into. 

If you're thinking about making your portfolio more green, look no further than TheStreet's roundup of how to get your profits higher. On that note, we promise that was the very last of the puns.

5 Businesses Soaring in States Where Weed Is Legal and the Munchies Are Very Real
5 Businesses Soaring in States Where Weed Is Legal and the Munchies Are Very Real

The solution to slowing foot traffic, which is one of several factors contributing to the death of the retail industry, could be marijuana use. 

Search-and-discover app service Foursquare revealed in a study released Tuesday that foot traffic at certain businesses in the first four states to legalize marijuana for recreational use spiked in the years following legalization, especially on the unofficial weed-toking holiday April 20. 

"Consumers may be swapping casual drinks at home with cannabis, but our data implies that a night on the couch cannot be replaced by cocktails with friends, buckets of beer or ten big-screen TVs for Sunday football," Foursquare said.

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Canada Introduces Legislation to Legalize Marijuana
Canada Introduces Legislation to Legalize Marijuana

On April 13, Canada introduced legislation that would legalize Marijuana by July 2018, according to Canada's CBCNews.

The legalization of the drug was a key promise of Prime Minister Justin Trudeau's campaign.

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Collect Smokin' Hot Profits From This Marijuana Biotech
Collect Smokin' Hot Profits From This Marijuana Biotech

Without a doubt, medical marijuana is one of the hottest corners of the biotechnology sector for investors. The potential this apparent wonder-herb packs for alleviating symptoms of countless diseases, as well as its curative properties, makes biotech companies developing cannabis-based treatments among the most exciting and potentially lucrative investment opportunities today

Just take a look at the 1,300%-plus gains GW Pharmaceuticals (GWPH)  has given its investors in the last five years. 

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3 Reasons Why Marijuana's Momentum Is Stronger than Ever
3 Reasons Why Marijuana's Momentum Is Stronger than Ever

The North American Marijuana Index nearly tripled in the months leading up to Election Day. Many articles came out at the time touting everything from risky over-the-counter stocks to multibillion dollar pharmaceutical companies researching marijuana-based medicines to drive profits.

Investors who bought OTC stocks watched as their ticket to the green gold rush fell in value as much as 50% following Donald Trump's surprise victory. Since November 9 marijuana stocks have remained largely stagnant on concerns that Trump's attorney general, Jeff Sessions, would impede the marijuana industry's growth. 

The November election created a lot of buzz in the marijuana industry. Eight of the nine states with marijuana legislation on their ballots voted in favor of medicinal or recreational legalization. And despite Trump's election, experts expect the strong momentum behind the marijuana industry to continue.

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3 Pot Stocks Poised to Grow Like Weeds in 2017
3 Pot Stocks Poised to Grow Like Weeds in 2017

The outlook for weed stocks on Wall Street remains positive even under a Trump administration, says Jeff Siegel, editor of Green Chip Stocks and Wealth Daily.

Siegel explains why pot stock investors will see green and names his top marijuana stocks, including Innovative Industrial Properties (IIPR) , Canopy Growth (TWMJF)  and Aphria (APHQF) .

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Is Your Marijuana Covered By Your Insurance?
Is Your Marijuana Covered By Your Insurance?

Will insurance cover your marijuana if it's stolen from your home? Will it cover you if you use it as part of your treatment for a disease?

In a nation where 28 states and the capital in D.C. have legalized marijuana for various uses, that's a question worth asking on 4/20.
 
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Marijuana Could Have a $40 Billion Economic Impact Over 4 Years
Marijuana Could Have a $40 Billion Economic Impact Over 4 Years

Marijuana could have an economic impact upwards of $40 billion in the next four years, according to the Marijuana Business Daily, an industry financial and business news source. This year Marijuana Business Daily estimates marijuana retail sales will amount to $5 billion, translating to an economic impact of $14 billion to $17 billion.

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Canadian Marijuana Market More Mature, Outperforms U.S. Market
Canadian Marijuana Market More Mature, Outperforms U.S. Market

The Canadian marijuana market is poised for growth as the number of registered patients continues to grow at rapid pace and as licensed producers continue to find innovative ways to create value for its shareholders. 

"The Canadian marijuana market and legislation is light years ahead of the United States," said Jason Spatafora, co-founder of Marijuanastocks.com and a Miami-based trader and investor known as @WolfofWeedST on Twitter. "In the public markets, Canada is different for one glaring reason, they legalized medical marijuana on the federal level. This has allowed licensed producers of cannabis to take their companies public in a meaningful way compared to the U.S. companies that still won't touch the plant directly."

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