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15 handpicked stocks

Vice-Adjacent Economy

These carefully selected stocks represent the unsung heroes behind billion-dollar vice industries. Rather than betting on consumer-facing brands, our expert analysts have identified the essential B2B companies that provide critical infrastructure, technology, and services that make these markets possible.

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Author avatar

Han Tan | Market Analyst

Updated 1 day ago | Published at June 17

Top Picks from This Group

Here are a few of the assets in this group. Create an account to unlock the full list.

MAPS

WM TECHNOLOGY INC

MAPS

Current price

$1.06

Operates the leading online marketplace and provides a suite of compliance and e-commerce software for cannabis retailers.

GAMB

GAMBLING.COM GROUP LTD

GAMB

Current price

$12.12

Offers performance-based digital marketing and affiliate services that drive customer traffic to online gambling operators.

RSI

Rush Street Interactive Inc

RSI

Current price

$19.51

Develops and provides the sophisticated online platform and technology powering its sports betting and casino brands.

About This Group of Stocks

1

Our Expert Thinking

We've applied the classic "picks and shovels" investment strategy to vice industries. Instead of investing directly in casinos or cannabis products, these stocks represent the vital technology providers, equipment suppliers, and service companies that power these resilient markets behind the scenes.

2

What You Need to Know

These companies benefit from vice industry growth while potentially facing fewer direct regulatory hurdles and social pressures than consumer brands. They provide essential infrastructure that remains necessary regardless of which end-product brands dominate their respective markets.

3

Why These Stocks

Our analysts selected these companies because they provide indispensable tools and services for expanding markets like online gambling and regulated cannabis. They stand to benefit from continuing waves of legalization that unlock new regions and revenue streams for these foundational businesses.

12 Month Growth Potential

Use the growth calculator to see how much investing in these assets could return over one year.

If you invested across these assets:

in 12 months it could be worth:

$1,000.00

+71.16%

Group Performance Snapshot

71.16%

Average 12 Month Profit

On average, analysts expect assets in this group to grow 71.16% over the next year.

8 of 11

Stocks Rated Buy by Analysts

8 of 11 assets in this group are rated Buy by professional analysts.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Why You'll Want to Watch These Stocks

🏗️

The Backbone, Not The Brand

These companies provide essential infrastructure to vice industries without selling the end products themselves. This strategic position may offer growth potential with potentially less direct regulatory scrutiny.

🌊

Riding The Legalization Wave

As more regions legalize sports betting and cannabis, these B2B suppliers are positioned to expand into each new market. You're investing in the companies that will service every new entrant in these growing industries.

🧰

The "Picks and Shovels" Strategy

Like selling tools to gold miners instead of mining gold yourself, these companies profit by providing essential services to vice industries. This time-tested approach targets the infrastructure of high-growth markets.

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