Reply To: Anyone have an opinion on buying marijuana stocks 🌱?!?!

Home Forums In The News Anyone have an opinion on buying marijuana stocks 🌱?!?! Reply To: Anyone have an opinion on buying marijuana stocks 🌱?!?!

#1518875
akuperma
Participant

The current “marijuana stocks” are for small companies that are likely to be pushed aside when larger well-established companies enter the business. In effect you have two problems buy stocks in that industry. If the movement towards legalization reverses, you own shares in a company whose main activity is illegal. If the movement towards legalization continues, the companies in similar businesses (tobacco, food, alcohol, etc.) are likely to move in and crush the small players you are investing in.

If you are not a professional investor, you are likely to get burned playing the stock market.