Get Rich Quick: 7 Cannabis Stocks That Could Make You a Millionaire as Legalization Sweeps Across the Globe!”

Investing in Cannabis Stocks: Potential Catalysts for Growth


If you’re interested in investing in cannabis stocks, there are several catalysts that could potentially drive their growth. These include changes in U.S. policy towards cannabis, more U.S. states legalizing its use, and potential legalization worldwide.

Potential Catalysts for Growth

Changes in U.S. Policy

Under President Biden’s administration, there have been changes in U.S. policy towards cannabis. For example, President Biden took executive action to change U.S. policy on the drug, pardoning all prior federal offenses of simple cannabis possession.

Biden also asked federal officials to start a review process of how marijuana is “scheduled” or classified under federal law. This move could potentially pave the way for the legalization of marijuana at the federal level in the future.

More U.S. States Legalizing Cannabis

According to Pew Research, nearly 91% of Americans want to see legalization, which is a massive shift in public opinion. As more U.S. states legalize its use, there is significant potential for growth in the cannabis industry.

Potential Legalization Worldwide

We’re starting to see legalization or potential legalization worldwide, including in Mexico, Canada, and Germany, which could ignite a legalization boom throughout Europe.

This could significantly impact the global cannabis market and lead to growth in the industry.

Top Cannabis Stocks to Consider

With all these potential catalysts, it’s no surprise that some of the top cannabis stocks are experiencing significant growth. Here are some of the top stocks to consider:

ETFMG Alternative Harvest

This is an ETF that tracks the Prime Alternative Harvest, which measures the performance of global medicinal and recreational cannabis stocks. Some of its top holdings include Tilray Brands, Canopy Growth, Cronos Group, AFC Gamma, and Organigram Holdings, to name a few.

The Cannabis ETF (WEED)

This ETF invests in cannabis producers and distributors, related technology companies, and cannabis-related ancillary businesses. Its top five holdings include Curaleaf, Trulieve, Verano, Cresco Labs, and Green Thumb Industries.

AFC Gamma (AFCG)

This is a commercial mortgage real estate investment trust that provides financing to the cannabis industry through loans. AFC Gamma is not a landlord. Instead, the company offers financing, such as mortgage and construction loans, to help cannabis companies. With a dividend yield of 18.64%, you can even get paid to wait for the cannabis recovery.

NewLake Capital Partners (NLCP)

This company provides real estate capital to state-licensed cannabis operators. NewLake has “a portfolio of 32 cultivation facilities and dispensaries that are leased to single tenants on a triple-net basis,” which means tenants are responsible for paying monthly base rent, as well as insurance, maintenance, taxes, and utilities associated with leased properties.

Innovative Industrial Properties (IIPR)

This is a real estate investment trust that leases properties to state-licensed cannabis operators. With a yield of about 9%, IIPR has 110 properties and approximately 8.7 million rentable square feet.

Scotts Miracle-Gro (SMG)

This company is not directly a cannabis producer or distributor, but it manufactures and sells consumer lawn, garden, and pest control products, including hydroponics equipment and cultivation lights for the indoor growing of customers. The company is also greatly exposed to the cannabis industry with its subsidiary Hawthorne.

Canopy Growth (CGC)

This Canadian company has global expansion efforts, a potential $50 billion opportunity in the U.S., and the potential for further state and hopeful federal legalization, CGC could be a solid long-term bet. While recent earnings haven’t been much to write home about, the company announced it closed its fourth quarter with $789 million in cash and equivalents, giving it flexibility with organic and inorganic growth.


The potential growth of the cannabis industry is significant, with several catalysts that could drive this growth. Investing in cannabis stocks can be risky, but for those willing to take on that risk, there are plenty of opportunities to consider. With the potential for more U.S. states legalizing cannabis and the possibility of federal legalization in the future, along with potential legalization worldwide, cannabis stocks could see even higher highs.

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