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If you are looking for the next big investment to cash in on, nascent industries are usually a good bet.

The potential growth of companies in emerging industries can be massive. Think Google, Facebook, Amazon, and the millionaires they have created through their stocks.

While it may be too late to get these tech stocks at bargain prices, one rapidly growing industry is still affordable.

Within the last decade, marijuana has become legal to an extent in 33 states in the United States, significantly including recreational marijuana in addition to medical marijuana. This trend is expected to spread to the rest of the country.

This has led to a thriving industry of growers, retailers, and more ancillary businesses that have excited not only pot consumers, but also businessmen and investors.

The popularity of cannabis as a recreational drug coupled with its myriad medical benefits have kept demand incredibly high.

In fact, pot shops were even considered an essential business that needed to stay open during the recent lockdowns due to the coronavirus pandemic.

Because of this, the industry is projected to grow exponentially in the next ten years, with analysts estimating global sales to reach $50 to $200 billion.

However, there's a catch.

Although it's legal in several states, cannabis, and its related businesses, is still federally illegal. Thus, there are a number of risks you face when investing in this industry.

Also, as a relatively new industry, there are bound to be plenty of companies that won't go the distance, similar to what happened to the mushrooming tech companies in the 90s.

This guide can help you navigate these risks and sift through the dozens of stocks available so you can get into this constantly changing business with your eyes wide open.

In Marijuana Stocks, you will discover:

• This whimsically-named company you need to consider investing in, which is poised to continue dominating the medical marijuana business in the years to come
• Why weed's popularity may actually threaten its future value as an industry, and how you can deal with this risk
• The laws you need to keep yourself updated about to avoid committing any crimes in your quest to make money from pot stocks
• The red flag to watch out for before investing in any marijuana company that might bring down the value of your investment
• Why this company's stock still offers good value for its money, despite the shady history
• 5 relatively safe stock picks recommended for you, if you are feeling risk-averse
• How you can still invest in and profit from the cannabis business if you don't want to invest in weed growers

And much more.

While your investment portfolio shouldn't mainly consist of pot stocks, they can be a good addition for diversity and growth potential.

If you're an aggressive investor and are willing to take on high risk for the potential of high returns, then these stocks can definitely be a great high-growth investment.

Like with any other stock, you will still need to do your research and check each company's fundamentals before you invest.

Since the industry is still in its infancy, you may have to go through ups and downs in the market as it grows into an established industry. But what matters is that you're in the game and ready to make a killing when the timing is right.

Instead of spending your money on getting high on pot, channel it into their business and gain a lot more than a few moments of blissful euphoria.