Are marijuana stocks a logical investment?

How do you feel about marijuana stocks and what the future holds for some of those companies? With continuous legalization in certain state, the marijuana industry seems to be growing. Is this a smart and sound investment?

Investing, Stocks
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November 2016
56% of people found this answer helpful

Any investment into any industry carries risk, which is why diversification is very important. In my opinion, you should not have more than 5% of your long-term investable assets in any one specialty industry such as this. The most 'smart and sound' stock investment is in larger companies in established industries, but that doesn't mean this is a bad investment. If you do go ahead with this, buy several stocks and keep the total of those stocks below 5% of your overall investments.

November 2016