Nothing is play money to me, though I do take more risk with certain chunks.
More importantly, who's into marijuana stocks? That became a pricing bubble really quickly, but I can't deny the appeal of investing in a totally new industry.
Nothing is play money to me, though I do take more risk with certain chunks.
More importantly, who's into marijuana stocks? That became a pricing bubble really quickly, but I can't deny the appeal of investing in a totally new industry.
I think that there's a huge amount of policy/enforcement risk... and that most of the current crop of companies are likely to fail. I imagine there will be a few well-run outlets that will end up owning the market, but it's probably hard to choose those (if they even exist yet). But all of that aside, I'd steer clear because of the policy risk.
Same reason I wouldn't touch Bitcoin-related stuff with a ten foot pole.