Analyst: ‘Don’t try to be Warren Buffett’ With Pot Stocks

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Analyst: 'Don't try to be Warren Buffett' with pot stocks

Flickr / 401(K) 2012 / (CC BY-SA 2.0) /

While the legal status of cannabis companies may be in question, investors have more options to own a stake in these businesses.

Beyond the legal issues, the problem for investors is that the industry is filled with small publicly traded companies that are risky bets at best, and outright fraudulent at worst.

“All these companies are overvalued. If you try to be Warren Buffett, you won’t buy any of these stocks,” Alan Brochstein said.

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