From the growers to the dispensers, the investors to the politicians, and the green in your bong to the green in their pockets, we're interpreting the detailed happenings in the budding wide world of business.
Investments are a difficult topic to discuss, especially in the still-developing cannabusiness realm. Current laws make the playing field unequal, yet as is being proven day after day, the landscape is constantly changing, evolving and growing (and not just marijuana either). As the situation continues to unfold, we'll keep you up to date on what's happening and what to expect. This week we're looking at the unparalleled growth cannabusinesses are experiencing -- expectedly -- and what those around the investment scene are saying. Check it out:
Marijuana is 'Best Investment Theme for Next 10 Years'
Todd Harrison is the CEO of Minyanville, an Emmy-winning financial media and publishing company. Moreover, before launching Minyanville, Harrison had been a trader, fund manager and senior executive on Wall Street, with such firms as Morgan Stanley and others. Needless to say, he knows a thing or two about investments. And even better, he seems to have come to the same conclusion as many of us have already: Marijuana "is the single best investment theme for the next 10 years," he told Yahoo.
He is predicting many more states to join the legalization front as the numbers continue to roll in from Colorado, Washington and other states in terms of tax revenue and small business benefits. We couldn't agree more.
The Marijuana Index[tm] Soars 125% in February
As we look back at the numbers from February and move into March, the forecast is looking good. The Marijuana Index™ experienced significant growth during the last month amidst a steady increase in interest surrounding the currently volatile and developing pot stocks. Hovering around $25 at the beginning of February, The Marijuana Index™ closed the month at $56.21 reflecting a gain of around 125 percent. According to MarketWatch, "The total index valuation soared beyond $6 billion, partly due to CannaVest (otcqb:CANV) achieving unprecedented valuations and following several listing additions to the index."
Considering the current legislation gains for both marijuana and hemp cultivation and combined with the surging tax revenues, we're looking at a sector of the business world that is about to blow up. Potential early investors proceed with caution though, there are still a lot of unknowns.
Why Marijuana Investments May Go Up In Smoke
On the other side of the table are those who believe that marijuana investments are "custom made for scammers." The argument here is that there is so much hype surrounding the topic of marijuana that the influx of attention will attract a "green rush" madness conducive to stock scams designed to look like money-making opportunities. Think Boiler Room status.
Moral of the warning? "There will be significant financial returns for people who are smart," says Brendan Kennedy, CEO of Privateer Holdings. For people who are not so smart...stay out until you have enough money to pay someone to do your budding biddings.
In conclusion we say congrats to all legitimate cannabusiness owners. From HIGH TIMES to you all: Keep on keepin' on -- we're in this fight together!