Here’s where the big money in marijuana stocks will be made
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 (cannabis with high content of intoxicating THC) and hemp (cannabis that contains low content of THC) will be extremely difficult — except perhaps in one specific area.
HIGHLIGHTS
- Pharmaceutical companies will be some of the ones to profit if it turns out there are proven medical benefits.
- Branded recreational products is where the real money is going to be made.
- Cigarette companies are probably the best-equipped to be major players.
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