Missed Out on Marijuana Stocks? Psychedelic Stocks Could Be the Next Big Thing
It was only a little over five years ago that Canopy Growth, the biggest pot stock based on market cap, was valued at close to $60 million. Today, Canopy's market cap tops $9 billion. There are at least half a dozen other pure-play cannabis stocks with market caps of $1 billion or more.
Some investors might feel like they missed out on the early boom for marijuana stocks. Don't worry; the cannabis industry still has plenty of room to grow. If you really like getting in on the ground floor of a hot new market, though, there's another angle you might want to explore: psychedelic stocks.
Image source: Getty Images.
Source Fool.com