What’s your view on marijuana stocks? My investment-management firm has a great front-row view of the marijuana industry, as Colorado was one of the earlier U.S. states to legalize marijuana. Here’s our opinion: Making money on marijuana and hemp will be extremely difficult — except perhaps in one specific area.
If indeed there are medical benefits from pot or hemp extracts, pharmaceutical companies, which have plenty of experience in conducting clinical trials, marketing, and bringing medicine to consumers, will be the ones to profit. The medical marijuana space right now looks just like dot-coms in the late 1990s: a few companies will succeed, but they’ll only be obvious with the benefit of hindsight.
Today recreational marijuana is legal in 10 states and medical use is legal in 23 states. Legalization for medical use has historically been the first baby step to full legalization. In a few years it’s likely that more than two-thirds of the states will have legalized marijuana.
vitaliyk They bulk of money is in cultivation and direct sales - if you have MONEY and connections - if you get into to the legal marijuana BIZ and you remotely know what you are doing - you will make money. (in their corrupted mafia system where the RICH get RICHER and poor stay poor)
vitaliyk Where do I sign up? henrymar I need an olive farm.
vitaliyk Van a cagar la planta monetizandola y haciendo negocio. La wea penca
vitaliyk Just wait till the fed starts taxing
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »