Tags: marijuana | stocks | invest

Marijuana Stocks: Will the Investment Market Become Smoking Hot?

Thursday, 27 Feb 2014 06:40 PM

By Morgan Chilson

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Stocks in companies selling legal marijuana products are going up, and although it looks as if there’s investment money to be made, it may be over the long term.

Despite companies that have seen a strong growth, like Hemp Inc. that jumped 563 percent, the Globe and Mail said public offerings are primarily in “volatile” penny stocks and much of the market is still illegal. Though that may be changing with many markets worldwide allowing medicinal marijuana products, it’s likely to be a slow change.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

The introduction of retail marijuana sales to the Colorado market has affected the general feeling about marijuana investing, the Globe and Mail said.

“Colorado was such a smashing success that people saw this as real, and we’re going to continue to move forward,” Douglas Leighton, with Boston’s Dutchess Capital Management II LLC, told the Globe and Mail. “A lot of people were holding their breath.”

However, Yahoo Finance reported that Todd Harrison, CEO of Minyanville, a financial media company, called cannabis “the single best investment idea for the next ten years.”

Harrison told Yahoo he expects the market to expand as marijuana is legalized in more markets. He did specify that the risky penny stocks aren’t what he considers a viable future for investment. Instead, he looks to companies like GW Pharaceuticals and Advanced Cannabis Solutions for their potential.

Main Street, however, looked at the booming marijuana stocks and asked, “Is Marijuana the Next Bubble?”

Leighton told Main Street the “market is already there” for marijuana.

"If you can take risk and want a better return on your capital, then those companies which control the plant are a great place to be," he said. "If your tolerance for risk is lower, then invest in the other businesses where there is greater growth potential."

As the market speculates on what will happen with marijuana stocks, a report from ArcView Group projected the legal marijuana market to grow by 64 percent in 2014, reaching $2.34 billion, Main Street said.

Editor's Note: Do You Support Obamacare? Vote in Urgent National Poll

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved