5 Reasons to Avoid Marijuana Stocks (and 1 Huge Reason to Buy Anyway)
It looks really close to becoming official.
All signs are pointing to marijuana being legalized in Canada sometime in 2017. Millions of Canadians who enjoy a puff or two every now and again are excited they?ll no longer have to hide their habits from their friends, professional colleagues, and especially law enforcement.
But the excitement of the average smoker doesn?t get close to the euphoria surrounding investing in the drug. There are thousands of investors convinced pot stocks are the next big thing.
There?s certainly evidence that indicates legal marijuana will be a big market. Analysts are saying up to 30% of Canadians could be at least occasional users of cannabis once it?s legal with the size of the market approaching $20 billion annually. Others are far less bullish, saying $8-10 billion is a more realistic size.
Still, that?s a lot of marijuana. No wonder everyone is so excited about it.
But I...
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