How can you capitalize on this secular growth trend without directly investing in pot stocks?
Here is the link to the survey, “Mary Jane’s Munchies”:
When trying to think long-term about your stock portfolio, it’s important to think outside of the box to ensure growth and outperformance. I’m always thinking of growth trends and thinking about companies that can benefit from these trends. Fringe plays can be an excellent way to benefit from a secular growth trend. One of the largest secular growth trends of our generation is, and will continue to be, legalized and recreational marijuana. Maybe you don’t want to invest in Aurora Cannabis, Planet 13, Canopy Growth, iAnthus, Trulieve, and Charlotte’s Web. Maybe you are a pure Dividend Growth Investor who simply cannot justify high risk companies with rich valuations. Maybe you already own pot stocks and want to diversity. Maybe you simply don’t invest in sin stocks. How can you try to capitalize and not invest directly in pot stocks? I have a great solution for you to consider. Today, we’ll discuss Blue chip companies that don’t sell any pot, but reap benefits as legalized marijuana expands. A recent survey from Addictions.com provides excellent insight into what people like to eat when the munchies strike. I’ve used the results from this survey to put together a solid list of DGI stocks. I’ll be covering 10 established, blue chip dividend growth stocks, as well as several bonus picks at the end, so please stay tuned. I’m excited to share these picks with you, so let’s get started!
Update on Peyton Manning and his Papa John’s stores:
Manning sold his stake in these Denver-area stores (31 stores) in 2018 after “six successful and rewarding years” of ownership. Legalization was approved in 2012 (the same year he bought) and recreational marijuana was available to the public in 2014. This primarily had to do with Papa Johns relinquishing its role as the official pizza of the NFL, giving the rights to Pizza Hut.
The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. The ideas and strategies provided should not be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. The topics discussed are solely my thoughts and opinions. Your continued reading/use of my YouTube Channel, blog, website, newsletters, Facebook group, Facebook page, and other materials constitutes your agreement with and acceptance of this disclaimer.
#dividend #stock #investing #potstocks #stockmarket #DividendGrowthInvesting #StockPicks