HOWEVER, with that being said, I do not advise any of my retail clients on "pot investments" per se, but if they really push me, I'll recommend an equipment supplier. Just like the gold rush in the 19th century, it wasn't the wildcaters, prospectors, or gold mining companies that made 1000% profit, it was the hardware store.
If you don't want a supplier, and still want a "vice stock", I do hold BUD and PM equities, both with great balance books and decent 3.7%+ div/yield.
These stocks are insanely cheap (not even considered penny stocks they are so low), so if you have some “mad” money, you can get hundreds of thousands of shares for hundreds of dollars. Just don’t bet your future on them.
The reasons why are too numerous to list, but given the recent trends, you'd be foolish to ignore them. Here are a few:
Recreationally, it has a well-established user base that spans generations, the same as with alcohol and tobacco. However, unlike tobacco and alcohol, it can be consumed in various forms and in numerous ways, some healthy, some very unhealthy.
Medically, it offers an easy to grow form of pain relief that offers an inexpensive option to opioids. If you can eat a brownie and feel better, why seek a prescription to a potentially debilitating addiction?
Additionally, as many tokers will tell you, marijuana has a strong, positive effect on the digestive system. Again, if you can eat a brownie and feel better, why seek a prescription for your irritable bowels that has as many side affects as benefits?
Marijuana has been in medicinal use by numerous cultures for centuries. Here, too, just not "officially" until recently.
Nutritionally, the protein in hemp seeds is a "complete protein" and hemp oil is loaded with healthy fats and related organic chemstry that's good for the body.
Additionally, hemp fiber has multiple uses, is easily and quickly grown and was one of early America's most important crops.
It was planted during WWII for the war effort.
In my youth in early 1970s rural Iowa, we used to hunt the 'ditch weed', often found along country roads and in low spots where farmers didn't plant, for pheasants and quail. Good hunting, too, as the seeds were good for the birds, the same as with humans.
Our fear of drugs and alcohol is well founded, but it blocks our common sense and makes us war against our human nature, with real casualties on both sides.
God made it and it's loaded with great stuff. It's way past time to get over ourselves and our fears.