As a legitimate business, cannabis is still very young, and even its biggest publicly traded companies have only been plying their trade for a short time.
As a result there are many myths and misconceptions about it. At the very top of the list is the one discussed by healthcare and cannabis bureau chief Corinne Cardina Jurney and Motley Fool contributor Eric Volkman in this video clip from Motley Fool Live recorded on Nov. 18.
Corinne Cardina: A viewer named R.G. asks, “What’s the biggest misconception about cannabis?”
Eric Volkman: That’s an interesting question.
Corinne Cardina: It is.
Eric Volkman: The biggest misconception about cannabis is that it’s a multi-billion dollar market. I think it does have limits. Because it’s still a very new industry, especially in this country, I think people get excited about it and they tend to overshoot as to their estimates as to how large the market is.
There is potential, but it’s a landscape that’s awfully crowded. There are lot of marijuana companies. A lot of small ones you’ve never heard of, a lot local operators that you wouldn’t recognize if you saw them on the street. It’s a market…