Pepper International founder Carol Pepper is convinced that stocks of cannabis producers have huge growth potential due to the unique properties of the product and this is the next Klondike for investors. In her opinion, even after explosive growth in 2018, they will not slump as much as Bitcoin. This is reported by CNBC.
Pepper International advises on family offices from the United States, Europe, Latin America, the Middle East and Asia.
Note that last year the New York Stock Exchange (NYSE) and Nasdaq were added to the listing by Canadian Growth and the Cronos Group. Total for the year their shares rose by 65% and 115% respectively. A strong impetus for cannabis producers was the decision to legalize in Canada, after which they began to expand into the European market.
Pepper stressed that marijuana will be used even more actively in medicine, including the treatment of arthritis and even epilepsy, and demand will grow.
When asked why manufacturers' stocks would not repeat the downward dynamics of Bitcoin after strong growth, she replied that cannabis is a phenomenal product with clear properties. Pepper has not presented any more arguments in support of her position.
She also added that in the future, American manufacturers of tobacco and alcohol will also enter the marijuana market.
It is noteworthy that the product has already been legalized in ten states and the District of Columbia, although at the federal level there is still a ban, which probably significantly hampers the capabilities of US companies.
Recall that the founder of the Galaxy Digital cryptocurrency bank, a well-known venture capitalist and billionaire Mike Novograz, is also confident in the growth of the cannabis industry in the long term.
However, in the fall of 2018, he intended to open short positions in a number of marijuana producers, primarily against Tilray.