Dec 11, 2018, 12:07 pm EST
The 10 Best Marijuana Stocks to Buy in 2019
Although marijuana stocks have suffered sharp losses recently, the overall industry is only growing in prominence.
By Josh Enomoto, InvestorPlace Contributor
Diego Pellicer Worldwide (DPWW)
We’ve arrived at the end of our journey regarding marijuana stocks to buy in 2019. In keeping with my loose tradition, I like to throw in an extremely speculative name. And don’t roll your eyes at me: you know you want to know!
The following idea comes from an InvestorPlace reader named Anthony. He asked my opinion regarding Diego Pellicer Worldwide (OTCMKTS:DPWW). My answer to him is the same one I’m giving to you, which is that DPWW stock is extremely risky. Aside from its distressingly low trading volume and market capitalization, Diego Pellicer lacks financial strength to convincingly pull off its licensing and royalties business model.
However, I’m intrigued with its premium branding business. Not that I would know, but Diego Pellicer specializes in high-class cannabis products. As companies like Origin House and Medmen have proven, cannabis users eschew quantity for quality. That could lead to a surprising turnaround for DPWW stock.
Or you can lose every cent that you put in.
Cannabis Stock News Daily Roundup December 11
By ME Staff -December 11, 2018
Marijuana brand and management firm Diego Pellicer Worldwide (OTCQB: DPWW) reported a 150% increase in gross revenue for its Colorado dispensary from Dec. 1, 2017, to Dec. 1, 2018. Diego Pellicer was named the “Best Retail Center” and “Most Valuable Brand of the Year” at the 2018 National Cannabis Business Awards.
Diego Pellicer Annual Sales and National Cannabis Accolades
By ME Staff -December 11, 2018
This year’s Cannabis market has been good for Diego Pellicer Worldwide Inc (OTCMKTS:DPWW). The company recently announced a 150% increase in annual sales for the fiscal year ending December 01 2018.
Projected Cannabis Market
Apparently the cannabis wing for the Colarado company, is having a great run in the growing US cannabis market even before the market fully opens up nationally. Statistics by the New Frontier Data valued the US cannabis market at $8.3 billion in 2017. However, as the nation gears to decriminalizing cannabis use, the marketed is estimated to triple at a compounded annual rate of 14.7% to about $25 billion in 2025.
Companies are in a rush to partake in the lucrative sector setting up multiple dispensaries and retail outlets.
Even people who’d never touch marijuana are embracing the Cannabis compound CBD
Designing for the New Culture of Cannabis
Say goodbye to drab, institutional interiors and trippy accoutrements—top-tier designers are making the face of marijuana more beautiful, smart, and inviting
Canada cannabis legalisation: ‘We know the world is watching’
Ron Throgmartin admits he is “not a marijuana smoker”, but as a businessman he sees an opportunity in commercial cannabis real estate.
He ran his own property firm for 20 years and is now chief executive of Diego Pellicer. The firm develops and leases property for marijuana businesses and has just opened its second US retail outlet with the help of designer Jill Savini, former creative director of the original Apple store.
Ron says he plans to expand into Canada, but he’s “cautious” and sees more earning potential in the larger, neighbouring US market.
“At one point the US will federally legalise cannabis and when that happens, Canada will become an afterthought.”
He also believes legalisation will eventually concentrate industry control into the hands of larger, probably tobacco corporations.
“Their model’s dying so if they don’t find something to transition to they’ll be in trouble.”
So unlike other firms, Ron says he’s in no rush to have weed legalised in the US at a national level.
“[I would like] more time for Diego Pellicer to become a bigger company so we can be a candidate for acquisition from bigger corporations who we can’t compete with.
“I’m always thinking about tomorrow and next year.”
24-Karat Gold Cannabis Cigars Selling for $10k
Seattle, WA — June 20, 2018 — /D.M.O. Newswire/ — It is truly an incredible smoke: 28 grams of sought-after Tangie flower, wrapped in solvent-free hash rosin, then covered in a layer of premium cannabis fan leaves, and finally wrapped in a layer of 24-karat, edible gold leaf. Diego Pellicer – Washington today announced that it has sold its first $10,000 cannagar. While the “El Dorado” Gold Cannagar, commissioned exclusively for Diego Pellicer, has just found a connoisseur to savor it, additional custom-made, one-of-a-kind cannagars can be conjured and ordered from Diego Pellicer in Seattle, 2215 4th Ave S.
“Whether they choose to indulge in a luxurious custom-made cannagar as a keepsake, or savor every moment of its smoke, whomever becomes a caretaker of one of these fine cannagars is in for an experience beyond words,” said Alejandro Canto, chief operating officer, Diego Pellicer – Washington. “Our first commissioned ‘El Dorado’ Gold Cannagar flushes the senses with a tangerine orchard from the Tangie flower while the formidable 15-inch-long cannagar ensures 20 hours of pleasure as smokers sparkle their way to bliss.”
Bites from the Big Apple: vegan brunch and legal highs
by Sarah Kennedy, New York
1 October 2018, 9:51am
The brunch, the ear buds, the bi-coastal workwear…consume the city like a native New Yorker and get ready for cannabis luxe.
The high life
Cannabis oil products low in psychoactive THC are already popping up in clubs, coffee shops and new store MedMen – the ‘Starbucks of weed’– on Fifth Avenue, as the city gears up for legal change.
“We will be searching out locations in New York,” says Ron Throgmartin, CEO of premium West Coast cannabis stores Diego Pellicer. When the time comes, New Yorkers can expect some pretty exciting shopping: this summer, Diego Pellicer sold a gold leaf “cannagar”, or cannabis cigar, for a stratospheric $10,000.