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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3 Comments

  1. Work With Nature - How to Grow Food! on November 16, 2021 at 1:09 pm

    Legal market will be 5 times less than illegal market so probably lots of cash flow for a few companies that are growing it the phama way. How a crop is grown is especially important to people who smoke weed and trust me they do care about it. To say they don’t is not realizing who your customers are.
    I think the organic market will do well with this one knowing my friends the "hippies" as you call them, love supporting organic so the only licenced organically certified company The Green Organic Dutchman will do very well. They will take a market share of around up to 25%. It is of course all speculation at this point and you are right in your assessment, but the company has all the attributes you mentioned in the video. It is the 5th largest with the best fundamentals excellent management and raised the most cash compared to the high flyers at ipo, but most important there should be no dept especially with a market crash around the corner. I am betting on them with 3$ a share. Don’t really understand how people are missing this one. But they will catch on soon enough. Personally I like investing in companies that care.



  2. Boss Crypto on November 16, 2021 at 1:15 pm

    👊



  3. CommonCompounder on November 16, 2021 at 1:21 pm

    No, because marijuana actually has intrinsic value unlike any crypto.