My good friend Mike Williams, founding partner at Genesis Asset Management, puts that into context in his morning notes. Recreational marijuana, which is on the ballot this November in the state, is projected to double that in sales by 2020
Picking the cannabis winners
How does the average investor navigate his way though all this noise and smoke out the real winners? This a currently a market that is quite saturated. In Colorado, there are more marijuana shops than Starbucks. One of the best tools out there is www.cannabisstockpicks.com, which reviews the long list of small publicly-traded companies and highlights the ones that are both well-managed and well-financed.
Another site is The Fresh Toast, an online magazine that caters to the lifestyle of the younger cannabis generation. You can be sure many of these startups will fall to the wayside. Do your homework, check out the management, invest wisely. You don’t want to see your hard-earned money go up in smoke..