Here are eight words I never thought I’d say:
Amazon is selling products from a marijuana company.
It’s true.
And this company has also inked deals with Walmart and Home Depot.
That’s right.
Three of the biggest retailers on the planet are now selling products developed by a company that’s in the legal marijuana business.
Think about that for a minute…
Have you ever imagined that you’d be able to walk into a Home Depot and pick up a snow shovel, a 4,000-watt gas-powered generator, and a product that was made by a company in the weed business?
Or better yet, can you imagine going to the Amazon homepage and ordering something that marijuana consumers use along with your monthly supply of paper towels and trail mix?
It seems unbelievable.
But it’s very, very real.
Quadruple-Digit Gains vs. Hype
Last week, the American Cannabis Company (OTCBB: AMMJ) announced that it had inked deals with Walmart, Home Depot, and Amazon, whereby these three mega-retailers will sell a special potting mix that is primarily used for the cultivation of marijuana.
AMMJ is actually a cannabis consulting company that offers everything from licensing, equipment sourcing, and branding to operational management, staffing, and design and build-out.
But here’s the rub…
In terms of pot stocks, even with these deals in place, AMMJ isn’t really all that impressive.
Truth is, there are much better ways to play the cannabis market.
Take Canopy Growth Corporation (TSX: WEED), for instance.
Here’s a stock I recommended to my Green Chip Stocks readers a few years ago.
Looking at this five-year chart, you can see how WEED performed compared to AMMJ.
While those who are new to pot stocks are swooning over AMMJ’s news about its new retail deals, members of my Green Chip Stocks investment community are sitting on a 1,921.25% gain from Canopy Growth Corporation.
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And that isn’t the only one.
In addition to Canopy Growth Corporation, we’re also sitting on gains of:
- 1,035% from OrganiGram Holdings (TSX-V: OGI)
- 263% from Aurora Cannabis (TSX: ACB)
- 313% from True Leaf Medicine (CSE: MJ)
- 1,207% from Aphria, Inc. (TSX: APH)
- 328% from Emerald Health (TSX-V: EMH)
And that’s just a small sampling.
As you can see, making money in the legal cannabis game is about a lot more than just buying stocks with the name “cannabis” in them.
Show Me the Money
American Cannabis Company is going to get a lot of press out of this latest deal.
But we’re not interested.
The only thing I’m interested in is profits.
Press releases and hype are nice, but they don’t make us money.
The right pot stocks, however, do.
We’ve already seen proof of this with all the triple- and quadruple-digit gains we’ve pulled in from the legal marijuana market over the past few years, and we continue to see it as we ignore the hype stocks and focus on the players that are delivering the goods: fat revenues, meteoric growth, and massive stockpiles of cash.
These are the indicators of future profits — not press releases.
So in an effort to help you distinguish between the winners and losers in the legal cannabis space, I put together this short educational video called, “An Introduction to Marijuana Investing.” You can watch it for free here.
In this video, you’ll learn how to find the most lucrative pot stocks in the market and avoid the ones that, quite frankly, are just duds.
You can also read more about this in my 77-page e-book, “A Beginners Guide to Investing in Cannabis,” which you can get access to here.
The truth is, there’s a ton of money to be made in the legal cannabis space.
We’ve already proven this, and members of my Green Chip Stocks investment community have been making a boatload of cash by investing in the right pot stocks.
You can do the same thing, and I’ve laid out the entire formula to help you.
So click here now to get started.
To a new way of life and a new generation of wealth…
Jeff Siegel
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@JeffSiegel on Twitter
Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
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