The cannabis industry is in need of innovation

The development of new technologies or significant societal change often comes with a boom or bust cycle. As these new technologies or ways of doing things gain in popularity, the public and investors may rush in to get involved and get a piece of the action.

HIGHLIGHTS

• If the marijuana industry is not able to innovate, it could become the next major stock market bubble to pop.
• The cannabis industry is in the early stages of bubble territory as enthusiasm for the industry swells.
• Jumping on the mary jane bandwagon just for the sake of getting involved is a lousy idea. This will not only hurt individual investors but will also harm the economy as a whole.
• Don’t get too caught up in the hype. Focus on opportunities and stocks that can deliver ongoing value.

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