Hype, Politics, & Pot Stocks
As any long-time Profit Confidential reader will know, I’m a big fan of marijuana stocks. I’ve been a pot stock bull for years, writing about equities that have gone on to see hundreds of percentage points of returns. But I’m also not blind; pot stocks carry with them some degree of risk. But that’s to be expected with an emerging industry.
Having said that, there’s one mistake that I’ve seen over and over again that any serious marijuana stock investor ought to be aware of.
That mistake? Falling for the hype created by stillborn pot legalization bills.
Essentially, the marijuana industry is perhaps more directly connected to politics than just about any other industry. That’s due to the fact that, to this day, the vast majority of countries continue to enforce pot prohibition—despite marijuana largely being considered less harmful than, say, tobacco or alcohol. Not to mention that marijuana has a number of potentially beneficial effects in the field of medicine.
Despite all that, there are still many politicians fighting tooth and nail to ensure that cannabis remains illegal. Diving into the reasoning behind their anti-pot arguments is frustrating, and frankly, not all that useful for our purposes here.
It’s important, however, to acknowledge that these politicians exist and are the largest hurdles to rapid pot stock growth.
Whether you find politics infinitely interesting or mind-numbingly boring, in order to…
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Hype, Politics, & Pot Stocks
As any long-time Profit Confidential reader will know, I’m a big fan of marijuana stocks. I’ve been a pot stock bull for years, writing about equities that have gone on to see hundreds of percentage points of returns. But I’m also not blind; pot stocks carry with them some degree of risk. But that’s to be expected with an emerging industry.
Having said that, there’s one mistake that I’ve seen over and over again that any serious marijuana stock investor ought to be aware of.
That mistake? Falling for the hype created by stillborn pot legalization bills.
Essentially, the marijuana industry is perhaps more directly connected to politics than just about any other industry. That’s due to the fact that, to this day, the vast majority of countries continue to enforce pot prohibition—despite marijuana largely being considered less harmful than, say, tobacco or alcohol. Not to mention that marijuana has a number of potentially beneficial effects in the field of medicine.
Despite all that, there are still many politicians fighting tooth and nail to ensure that cannabis remains illegal. Diving into the reasoning behind their anti-pot arguments is frustrating, and frankly, not all that useful for our purposes here.
It’s important, however, to acknowledge that these politicians exist and are the largest hurdles to rapid pot stock growth.
Whether you find politics infinitely interesting or mind-numbingly boring, in order to…
