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No to Marijuana Stocks, Yes to Weed Investing

Unless you’re living under a rock, you’ve probably heard that marijuana is now legal in some states in the U.S. hinting at a future where cannabis is no longer illegal at all. The end of prohibition for marijuana in the U.S. would be hugely disruptive and create the potential for a great deal of money to be made off of marijuana legally.

While historically people may have “invested in weed” by buying a pound and then selling it off in smaller quantities, or jamming a few grow lights into their closet over some slowly growing pot plants, there now exists a legitimate business opportunity which is attracting expert and novice investors alike. The problem is, that even though there are no opportunities yet for retail investors, the niche has still managed to attract scores of novice investors such as your average stoner who thinks that the legalization of marijuana would make a great investment, only because he...

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