Anyone here doing it? Thinking about it? Thoughts... opinions... experiences...?
I've been doing a little research and it seems like investing may be a bit early, since the federal govt (US) hasn't jumped on board the weed train yet. There are some weed-specific companies and ETF funds that our out there, but most are either Canadian or UK funds and trading isn't exactly easy. One thing I've considered is investing in an infrastructure-related company... Something publicly-traded in the US. Cree LED's for example. Most grow operations haven't yet made the switch over to LED's yet (according to my research), and CREE doesn't mention targeting this specific niche in their business model, but I gotta believe it's in their future. They'd be crazy not to. Scott's Miracle Gro is another one. They've made it apparent that they want to be a major player in the cannabis business, buying into the hydroponics game and creating their own weed-focused fertilizers and pesticides. There's another company that has my eye... Insys Therapeutics. They're a biotech company that makes some cancer treatment drugs. They had a terrible year in 2017 due to a shady CEO and legal troubles, but with new management and a new drug coming out and current value at only about $7 per share, they have a pretty big upside.
I feel like we're at a current point it time when investing into this business could yield huge gains in the coming decades. But knowing what to buy into is the challenge. I'm curious if others here have been looking and what thoughts and opinions you may have on it.
I've been doing a little research and it seems like investing may be a bit early, since the federal govt (US) hasn't jumped on board the weed train yet. There are some weed-specific companies and ETF funds that our out there, but most are either Canadian or UK funds and trading isn't exactly easy. One thing I've considered is investing in an infrastructure-related company... Something publicly-traded in the US. Cree LED's for example. Most grow operations haven't yet made the switch over to LED's yet (according to my research), and CREE doesn't mention targeting this specific niche in their business model, but I gotta believe it's in their future. They'd be crazy not to. Scott's Miracle Gro is another one. They've made it apparent that they want to be a major player in the cannabis business, buying into the hydroponics game and creating their own weed-focused fertilizers and pesticides. There's another company that has my eye... Insys Therapeutics. They're a biotech company that makes some cancer treatment drugs. They had a terrible year in 2017 due to a shady CEO and legal troubles, but with new management and a new drug coming out and current value at only about $7 per share, they have a pretty big upside.
I feel like we're at a current point it time when investing into this business could yield huge gains in the coming decades. But knowing what to buy into is the challenge. I'm curious if others here have been looking and what thoughts and opinions you may have on it.