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.
Tag Archives: 420 Investor
Major cannabis stock indices have been falling for three consecutive weeks, ever since White House Press Secretary Sean Spicer suggested the federal government would enforce federal law in states where recreational weed has been legalized.
HOUSTON, Oct. 22, 2015 /Weed Wire/ — The state-by-state legalization of cannabis is one of the most exciting changes to our society in modern history, but at the same time it is very complex. Rapid change, federal illegality, stigma, and confusing regulations contribute to difficulties in identifying and connecting with legitimate entrepreneurs, investors, and professional service providers.
Join me in taking the pro-cannabis message to the masses, making an effort to extend beyond an audience of those who are open to our views and instead focusing on those for whom cannabis isn’t an issue.
Few business sectors are growing as fast as the cannabis industry. After the 2014 midterm election, the recreational market expanded from two states to four; and many expect marijuana to become legal nationwide within the next decade.
It wasn’t too long ago that all any investor could talk about was the red-hot marijuana industry and the skyrocketing stocks.