Take home messages: buy the pot, not the pot stock; or smoke the dope, don't be the dope… You get the idea.
You have to be a dope to buy marijuana stocks
By Cody Willard
In the last few months, the marijuana stock hype has really kicked in and there’s a lot of money from mostly retail investors that’s betting big on this sector.
I’m sorry to pop their bubble, but I’m pretty sure there’s going to be a lot of that money lost after this pot stock bubble pops and these dreams of big legal profits from publicly-traded stocks with pun-like and pot-reference symbols.
I see the many headlines here on Marketwatch and you hear about “legalized pot” trends in the nightly news all the time. A handful of these stocks have recently crept into the top Scutify trending stocks board and yesterday I was asked about three or four times about various pot stocks in my weekly TradingWithCody.com chat. So here’s my take on the “pot stocks” like $HEMP [HEMP ], GrowLife $PHOT [PHOT] $CBIS $MJNA and so on.
Legal marijuana distribution and growing is way too new and full of scams out there. Criminals that are still being rooted out. You literally have to be very into that industry to get any idea of what’s trustworthy and what’s not in the stocks that are “in the weed industry.”
Keep reading You have to be a dope to buy marijuana stocks – The Cody Word – MarketWatch.
