No, investing in cannabis stocks is not illegal. While the Financial Industry Regulatory Authority (FINRA) recognizes that cannabis sativa is still a Schedule 1 drug under the 1971 Controlled Substances Act, IPOs in this marijuana stock trading space is not yet allowed. So doing your research on
a desired company is extra important before you invest. There may be some companies, in my opinion, which might operate a little less than honestly.
I believe, eventually, however that cannabis will get reclassified and the FINRA will allow cannabis related companies to IPO.
You do not have to smoke marijuana in order to buy stocks in the stock market. I have never smoked in my life but I have many people in my life
that use it for a variety of “medicinal purposes”.
Making up your mind that you would like to actually begin investing in cannabis stocks trades would be the first step. The second step would be deciding on a broker or brokerage firm to execute your future trades.
Only a licensed broker can legally take your money and execute
stock trades for you.
Millions of people are absolutely talking about this cannabis industry and wondering just how to begin to invest in it!
Add yourself to this great category of people.
You will always set your own investment tolerance, so you spend what you want to spend. I suggest that you never spend more than you can afford to lose.
No one can predict a dollar amount return on any investment you ever make. If they do, run for the hills!
The November 2016 elections saw a number of new states added to the list of legalized marijuana states. There have been more states added to that list since the election. I believe that we will see even more positive legislation in 2017.
Every company has their own policy and procedures for investments and conflicts of interests. You simply have to check your company’s manual for your level of employment. Follow their guidance and proceed accordingly.
With any investment there is an element of risk. So the answer will be yes or no depending on you and the level of risk you take. To quote our president:
“If you’re going to be thinking anything, you might as well think big.” ~ Donald Trump
In 2017 Forbes says, “Marijuana Industry projected to create more jobs than manufacturing by 2020” and Nick Tate of Newsmax quotes analyst saying that the “Medical Marijuana industry is projected to Top $40 billion dollars by 2020.”
Impressive statistics for a bunch of weeds!
I do believe that this is the right time to get involved in cannabis investing with the right companies and your curiosity has taken you to the right place! The real challenge for many seems to come back to ‘how to get started.’
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