Looking at the marijuana industry for long term investment. Your thoughts?

In my opinion, there are better stocks from other industries that are better. I haven't looked at the marijuana scene closely so don't take my word for it. Like someone on the post said, it depends if the country will accept marijuana as a legal substance.

 

As thejamal said, I think this should be largely decided on whether you think our society as a whole is on the path towards weed legalization. IMO, yes we are. But that also doesn't mean you should just invest in any marijuana company. If you really think weed will become widely accepted in the future, do your research carefully as many weed companies have sketchy financials.

 

With marijuana, in my own two sense, the rise in it's market is quite alarming for other occupational markets. Such as pharmacists, it seems to be shown in studies that medicinal marijuana is capable of many different remedies to illnesses/pains/etc. With that being said, if marijuana were to be legalized and the spike in market for it were to skyrocket. We could see a lot fewer pharmacists that would be hired in drug stores and whatnot, as the newer generation would be more likely to use marijuana as their daily remedies for anything.

 

That's a good point, JR Ewing. While I am not necessarily opposed to so-called "sin" stocks (e.g., alcohol, tobacco, gambling, etc.), this one is a little too close to the underworld right now. Maybe years from now that might be different, but for now, its a factor.

 

JR Ewing, I agree. I couldn't have said it better. You don't want to start an industry that has high chances of getting into legal trouble.. perhaps it's safest to wait and see how marijuana is going to be doing in the future.

 

<ha ha> ursell and I see things a bit differently but we have a similar "moral take" on things. I wouldn't want to invest in the tobacco companies despite the profitability and ursell doesn't want to invest in the cannabis companies. I just don't see anything beneficial that tobacco has ever done for someone other than help take the 'sting' out of a real bee sting when applied with saliva. So ursell, have you ever really looked at the things that are 'posed' as evils in the use and distribution of marijuana and how the things that are posed as evils would actually shift if it were legalized?

I'll take a moment here to also acknowledge that the sort of tobacco sold and distributed in many other countries will do far less harm to you (and perhaps little to no harm at all) than the sort of tobacco sold and distributed in the U.S.

 

I don't think morality has anything to do with choosing to invest in a stock. I mean, who are we kidding here guys....we're all here to make money right? Plus, if something is truly so morally repulsive, the government will probably do something about it and the company won't be allowed to be up and running. Marijuana has a great future but you have to careful selecting which company to invest b/c there's a ton of scam weed companies out there.