BEST Cannabis Stock for 2021 (SSPK Stock & WeedMaps)

BEST Cannabis Stock for 2021 (SSPK Stock & WeedMaps)

We’re taking a look at what I think is the best cannabis stock for 2021 and beyond. #SSPK, Silver Spike Acquisition Corp, acquired WeedMaps, the leading tech & software provider for cannabis businesses. This is why I’m buying!

00:00 – Intro
0:58 – Intro to SSPK (Silver Spike Acquisition Corp Stock)
2:09 – The WeedMaps Acquisition
3:02 – Why I’m Long WeedMaps & SSPK
3:18 – 1. Historic Growth of WeedMaps
3:49 – 2. Future Potential of WeedMaps
5:35 – 3. Competitive Advantage of WeedMaps
6:50 – 4. A Safer Play on Cannabis
7:46 – Summary of SSPK & WeedMaps

Subscribe to the channel: https://bit.ly/2SfWumJ

•••••••••

LINKS & RESOURCES

An overview of the SSPK/WeedMaps merger:
https://www.businesswire.com/news/home/20201210005302/en/WM-Holding-Company-LLC-the-Leading-Technology-Platform-to-the-Cannabis-Industry-to-List-on-Nasdaq-Through-Merger-With-Silver-Spike-Acquisition-Corp

Investing in SSPK? Check out the platforms below for FREE stocks & more:
WeBull: https://act.webull.com/po/y2btyphGBX32/wla/inviteUs/ (4 FREE stocks with $100 deposit)
Robinhood: http://join.robinhood.com/tylerm27 (Get a free stock up to $500!)
M1 Finance: https://m1.finance/apNm3hKCZsWC (Get $10 free!)

Interested in camera stuff? Here’s the equipment I use to shoot my videos:
https://amzn.to/3jE8Ktp

•••••••••

Most people are understandably bullish on #cannabis. The problem is, the current options for investing in cannabis in the stock market come with a lot of risk and controversy. Fortunately, SSPK and their recent merger with WeedMaps offers a safer choice.

SSPK is a SPAC that was created with the intention of #investing in the cannabis (“plant-based alternative health”) industry. After an IPO in August of 2019, not much happened. But, December 10, 2020, they announced their merger with WeedMaps.

WeedMaps is an online platform for cannabis businesses and consumers. They have two core products. The first is an online listings marketplace, like a Shopify or Yelp, but for cannabis. This gives consumers a transparent platform for researching cannabis businesses and products, and they can even order online through the website depending on their location.

The second component of WeedMaps is “software as a service” (SaaS). They offer a complete “business-in-a-box” software solution for cannabis businesses. This gives businesses easy access to point of sale services, logistics and other functions that are key for running and growing a business in the increasingly regulated marijuana industry. Until this merger, there was no way for the average investor to invest in WeedMaps.

Why I’m Buying SSPK Stock & I Believe in WeedMaps:

1. Historic Growth.
WeedMaps has achieved a 40% compound annual growth rate in their revenue over the last 5 years. Business is booming! I expect this trend to continue as cannabis regulations loosen. Not to mention, the company has been around since 2008 – that’s a pretty long track record for an as volatile and risky as cannabis.

2. Future Potential.
WeedMaps has a great platform – over 10 million active users and 18,000 businesses are on it. I’m sure it will continue to grow, but I’m more concerned about WeedMaps’ other product: their SaaS subscription for cannabis businesses. In the cannabis industry, adhering to regulations is a nightmare. In order to create online platforms, market products and connect with consumers, businesses would have to dedicate tons of time and money. Or, alternatively, they can go to WeedMaps for a comprehensive solution that has every single tool they’ll ever need – and it’s designed from the ground-up to comply with marijuana laws and regulations. This service is going to be insanely valuable as new cannabis businesses are created, and need a solution that allows them to quickly scale and grow their business.

3. Competitive Advantage.
The cannabis industry is a regulatory nightmare. THIS is WeedMaps’ advantage. They have over a decade of experience in the industry, so they know exactly what needs to be done to stay operating – and they ensure that their clients do the same thing. Other businesses can’t compete because the industry is still too controversial and complex.

4. A Safer Play on Cannabis
Cannabis is a risky industry to invest in. Growers and distributors have had their fair share of setbacks, especially since they’re not quite welcome in the U.S. yet. WeedMaps is already operating and fully profitable, and they’ll continue to operate anywhere that marijuana is legal. It doesn’t matter who’s growing the cannabis – they’ll serve any business that decides to sell it.

•••••••••

DISCLAIMER: NOT FINANCIAL ADVICE.
The content in this video should not be used as the basis for any investment decision, as it is for entertainment purposes only. Additionally, some of the links contained in this description are affiliate links. I may earn a commission via Amazon, M1 Finance or Robinhood should you choose to purchase or sign up at the links provided.