Get the Dope on Investing in Dope
Gallup poll numbers support the idea that most Americans favor the legalization of marijuana. It's not just the potheads that are excited, anymore. Today, it is the suit-wearing, tie-tieing, oxford-shoe-styling types. Why? There is money to be made in the legalization of marijuana, and we are not talking about setting up a stand on the local street corner or even opening a brownie store. The business these ladies and gentlemen are interested in is much larger and corporate. They are interested in the possibility of marijuana stocks.
The stock market is the perfect place to raise capital if you are looking to go big in the reefer game. There is the R&D component, just as there would be for any crop, the …show more content…
Great management is still the key to success in the business world. You can have a great idea, but without proper leadership things are going to fall flat. In the marijuana business, you may find people who know how to grow some plants, but they don' know anything about marketing, sales, government regulations, and the like. As far as competition goes, a company needs to have something that sets it apart from the competitors. Do they offer a better product, a cheaper product, what is their plan?
Grieper noted that the industry is newer to the Unites States, but that it is a global business. Further, when the companies hit the stock markets, they are no longer just mom and pop stores with a pen and ink ledger; investors really should do their research. "These companies file 10-K reports with the SEC, which describe management. They file 10-Q reports that can help you evaluate performance. This information is public domain. Technology has made it easier than ever to find out information and news about a company or a sector."
As with any stock, the rewards are there for those who do their research and make wise plays. Never forget that the market can be unforgiving, however, and don't invest that which you cannot afford to lose.
Gallup poll numbers support the idea that most Americans favor the legalization of marijuana. It's not just the potheads that are excited, anymore. Today, it is the suit-wearing, tie-tieing, oxford-shoe-styling types. Why? There is money to be made in the legalization of marijuana, and we are not talking about setting up a stand on the local street corner or even opening a brownie store. The business these ladies and gentlemen are interested in is much larger and corporate. They are interested in the possibility of marijuana stocks.
The stock market is the perfect place to raise capital if you are looking to go big in the reefer game. There is the R&D component, just as there would be for any crop, the …show more content…
Great management is still the key to success in the business world. You can have a great idea, but without proper leadership things are going to fall flat. In the marijuana business, you may find people who know how to grow some plants, but they don' know anything about marketing, sales, government regulations, and the like. As far as competition goes, a company needs to have something that sets it apart from the competitors. Do they offer a better product, a cheaper product, what is their plan?
Grieper noted that the industry is newer to the Unites States, but that it is a global business. Further, when the companies hit the stock markets, they are no longer just mom and pop stores with a pen and ink ledger; investors really should do their research. "These companies file 10-K reports with the SEC, which describe management. They file 10-Q reports that can help you evaluate performance. This information is public domain. Technology has made it easier than ever to find out information and news about a company or a sector."
As with any stock, the rewards are there for those who do their research and make wise plays. Never forget that the market can be unforgiving, however, and don't invest that which you cannot afford to lose.