Topic: How To Invest

What is Pat’s commentary for the week of July 2, 2014

Article Excerpt

As you probably know, several U.S. states have de-criminalized or legalized marijuana use and have begun authorizing legal production and sale of the plant. Other U.S. and Canadian jurisdictions are likely to follow. This change in the law is bound to lead to a shift in current and future marijuana production, from the underground economy to the legal economy, where it can be regulated, taxed and invested in. Tax revenues are already starting to roll in, but we haven’t found any worthwhile investments in this area. So far, all we’ve seen are stock promotions. We advise staying out of stock promotions, of marijuana businesses or anything else. They attract the wrong kind of people. Stock promotion is a take-the-money-and-run type of business. Most successful entrepreneurs value their reputations, and want to build a profitable, sustainable business that can pay off for investors. So they generally go into some other line of work, and stay out of stock promotion. These days, it’s faster and…