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You Can Now Invest in Your Favorite Thing Ever

You Can Now Invest in Your Favorite Thing Ever

by January 5, 2015 0 comments

When you hear the phrase “weed stock,” you probably imagine a crazy festival something like a haven for all potheads. You know, a place where the honey oil flows like water the edibles are aplenty. And if I told you that weed stock is flying you’d probably respond with a “Hell yeah! They must be smoking good shit!”

What if, instead I told you that “weed stock” now, actually means there are available stocks in marijuana based businesses? Sure, I know it may not be as gratifying as the Valhalla I just described, but still, you can now invest in your favorite thing ever! Weed is becoming big business.

It’s not just for hiding from your kid brother anymore.

According to Fool.com, in 2014, marijuana stocks grew to be some of the market’s top players though currently investors are unsure if this trend will continue into the next year. Such a trend is due to the increasing selectivity of investors, who are more likely to pick and choose from stocks with the best performances, rather than those with questionable trends or any newcomers.

As awareness increases about marijuana as the best treatment (though, I could have just left it at “marijuana is the best”) for numerous medical conditions, more and more states are voting to legalize the drug. Legalization includes the added benefit of providing state government with millions of dollars in tax revenue, which can be used to fund things like education, healthcare services, and more. Marijuana could, at least economically, be the next “big tobacco”.

As it stands, mom and pop type places are those currently on the market. Small businesses are viewed as penny stocks or pink sheet stocks. To those too young or stoned to remember what pennies are, it means they aren’t worth much.

However, there are several pharmaceutical companies who have developed cannabis-based treatments for patients suffering from a slew of maladies such as cancer, epilepsy, HIV and the list goes on. Companies who provide these treatments (specifically GW Pharmaceuticals and Insys Therapeutics), saw a drastic increase in company stock purchases after only discussing the potentials of these new drugs. 

So, maybe it is time to invest in the thing we love so much. For the first time in history, suits and sweatpants are equals.

P.S. We should still probably do that whole festival thing, especially after a bunch of us get rich on these stocks.

[Via Fool.com]

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