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Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries.
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There are two key things you should know about the cannabis industry, particularly in the U.S. First, it s still only in its early innings. Second, the potential market is huge. Those happen to be two characteristics that bode well for long-term investors.
Some cannabis companies are in especially strong positions to succeed and deliver great returns along the way. Here are three of the best marijuana stocks to buy in May.
Courtesy of Jen Drake, Crystal Peoples-Stokes, Allen Gandelman, Gia Morón; Shayanne Gal/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Meet the lawmakers, regulators, executives, and investors shaping the future of New York s cannabis industry.
New York legalized cannabis on March 31 and sales are expected to start in 2022.
New York legalized cannabis for adults over the age of 21 in March, setting off a gold rush for companies looking to take advantage of the potentially $7 billion market in the US s financial capital.
Right now, there are only ten cannabis licenses in the state s medical market, and the companies that own each license will look to quickly transition from New York s relatively limited medical market to the recreational market.
So, where s the line to get in?
Until Friday, Gray had been driving nearly an hour to buy medical marijuana at the Breakwater dispensary in Cranbury, which helps minimize the pain of a motorcycle injury that sometimes makes it difficult to sleep and eat.
Now, he s just five minutes away from Zen Leaf Neptune, which officially opened Friday along Route 66, at the site of the former Smashburger restaurant.
“This is right up the street. It’s closer. It’s more convenient,” said Gray, a barber living and working in Neptune. “It keeps things legit. The fact that everybody can make money off of it, at the end of the day, it’s helping patients and everybody. Nobody’s doing it under the table.