As we continue to get closer to full legalization, more investors are seeing the potential of cannabis businesses. Global sales are expected to reach $33.6 billion by 2025, according to an analysis by Statista, and a study found that that use of medicinal cannabis to treat mental health conditions increased by 91% since March of 2020.
The various regulatory hurdles still in place haven’t slowed down the pace of new investment, either. Companies like tobacco giant Altria and the pharmaceutical firm Novartis have led a huge wave of M&A action intended to support the cannabis industry, bringing together a wide variety of companies to create serious infrastructure, from production and distribution to real estate and finance.
Because of that, this is an ideal time for investors to claim a stake, and the best potential growth lies in small-cap companies expanding into new key markets.
We’ve found three of these stocks trading at a price way below their companies’ true value, which are looking better than ever considering their recent expansions.
The post These 3 Cannabis Penny Stocks Are Making Big Money Moves originally appeared at Money Morning.