Here’s where the big money in marijuana stocks will be made

Here’s where the big money in marijuana stocks will be made, says vitaliyk

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 and hemp will be extremely difficult — except perhaps in one specific area.

If indeed there are medical benefits from pot or hemp extracts, pharmaceutical companies, which have plenty of experience in conducting clinical trials, marketing, and bringing medicine to consumers, will be the ones to profit. The medical marijuana space right now looks just like dot-coms in the late 1990s: a few companies will succeed, but they’ll only be obvious with the benefit of hindsight.

Today recreational marijuana is legal in 10 states and medical use is legal in 23 states. Legalization for medical use has historically been the first baby step to full legalization. In a few years it’s likely that more than two-thirds of the states will have legalized marijuana.

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