Chris Blake, Senior Portfolio Manager, TD Wealth, explains what investors need to know before buying marijuana stocks.
Comments
Just look at the P/E ratios on these pot stocks. They should be around 20, yet some are at 750. They are way too expensive to make any money.
Not all seeds are the same. There are many crappy strains, many exotic strains. This guy shouldn't pretend he knows anything about marijuana.
If a company is growing 30% year over year in sales on a small-scale model i.e. medicinal marijuana how crazy would you have to be to not see the potential of a total legalization?
Over the age of 18. Do you not read well? I guess you missed out on the profits that we have all taken.
Is it good idea to invest in weed stocks ?
this dude would have been sitting in a bar back in the 30s recommending not to buy Labatt's stock right before prohibition ended, cannabis will be legalized, there are very few legal producers in Canada, you would be dumb not to be taking a position