So you’ve been watching the cannabis industry and seeing amazing projections of multi-billion growth over the next few years. You have about $5,000 or $10,000 or maybe even $25,000 to invest.
Time to jump in, right? Well, before you take that leap, take a long, careful look at the cannabis market first.
Swipe away the hype from companies that are just trying to survive. Take note of some of the recent game-changing news (Bruce Linton canned at Canopy Growth; a lawsuit in Florida by Tampa-based Florigrown) and check the reason for the sudden adult-use holdups in states like New Jersey and New York (social equity issues).
Look at how volatile the cannabis stocks have been. And get a clue – this nascent industry is still trying to find its financial footing, and still scaring off some big investors. Is this really where you want to put your money now?