Is Cannabis the New Cryptocurrency for Investors?
What a difference a few years makes. Marijuana has gone from being a strictly illegal commodity virtually everywhere to one which is for all practical purposes legal in many U.S. states — albeit with restrictions and regulations — and totally legal as of last month in Canada. As a result, a number of public companies have sprung up to grow and wholesale the crop. But this early in newly open market, it’s still quite hazy how profitable those businesses might be, and speculation about that has led, inevitably, to seriously speculative stock price movements.
Should you invest in the marijuana sector? If so, which companies look more likely to justify their frothy valuations? And how much of anyone’s portfolio belongs in this segment? For this episode of Motley Fool Answers, hosts Alison Southwick and Robert Brokamp have recruited the best pundit they could find to address those questions and others: David Kretzmann, who heads up The Motley Fool group that focuses on the cannabis business. But first, it’s a wide ranging “What’s Up, Bro?” segment as he gives listeners the skinny on a new capital gains tax break (yay!); reveals 10 major retailers — at least — that will price-match with Amazon this season (more yay!), and checks in on the college debt situation in this country, which is only getting worse (not yay at all).
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