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Now That Prohibition's Over, Time to Invest?

I've been sceptical of the publicly-traded medical marijuana/cannabis industry. (See previous post.) Too much sizzle.  Floods of me-too listings.  Reminded me of the various investor obsessions with dot-coms, China-stocks, stevia, gold, coal, etc, etc. However on reflection, every sector seems to undergo a similar phenomena - wild enthusiasm followed by skepticism followed by more normal growth.  And the sector - both in continued product legalization and development of the distribution channels - is booming.  .

Research on the field comes to the following conclusion;  there's opportunity out there but also great peril!

 http://www.nanalyze.com/2016/11/list-marijuana-stocks-invest/

https://www.bloomberg.com/graphics/2015-weed-index/

http://bloombergtv.ca/2017-04-18/news/pot-stocks-rushing-to-list-in-canada/

http://calgaryherald.com/business/local-business/investors-dive-into-marijuana-stocks-raising-concerns-about-green-bubble

Avoiding the peril isn't entirely possible, but as in any acquisition proper due-diligence is very important.  The normal process needs to be supplemented by industry-specific procedures.  The following video is helpful.  Industry specific material starts at (15:00.)  https://mjinews.com/world-cannabis-acquisitions-mergers/