Lately I have been seeing a lot of posts on facebook about Weedstock, which is my term for the feeding frenzy developing around the possible financial gains to be made around the legalization of Marijuana.
Reminds me of the idiocy surrounding the .com frenzy. People who have no idea what they are doing are presented with an "opportunity" that sounds good and should in theory should make a bunch of money without doing anything.
Is there an opportunity to make a ton of money in the marketing and sale of legalized weed?
Hell yes!
Are you going to make it investing in every two bit grow operation?
Hell no!
Out of the thousands of small businesses will still be standing when the smoke clears, which ones Will still be standing is something no one can predict. It would take a lot of research to sift through all the hype to figure out who actually has a product or service that actually have value.
My money is on Big Pharma. They will find some way to control supply and distribution. Or some legal doorstop to keep it all in house.
Take your hard earned your money and buy some boring solid investment that has a guaranteed return over time.
Remember, if it sounds too good to be true, it probably is.
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