Quote:
Originally Posted by lewdog
Most of it's medical marijuana companies so nothing illegal about it. Much of it has to do with Canada and the push to legalize across the board there.
But if it's only traded in Canada, many brokerage firms won't allow you to buy shares if you're trading on the US market.
Only Marijuana related purchased this past year for me was UBQU. Which is a loose term given the current direction which is now getting into cryptocurrency. But the company offers a Hemp line product that looked promising so I took a chance with a little bit of money. Total penny stock so it's more for fun than anything. Headquartered in Denver actually.
http://www.marketwatch.com/investing/stock/ubqu
Outside of that, the marijuana market is still very risky with tons of competitors looking to make a splash, no major standouts. Hence me wanting an index or ETF to be slightly less risky while still investing in that sector. |
Good point. I keep forgetting about the medical market.
I wonder, though, if the companies being traded are only medical. A company selling recreational marijuana is still engaged in illegal activity by most states' definition.
And a marijuana company engaged in cryptocurrency? Nothing suspicious about that at all.