What a difference a few years makes. Marijuana has gone from being a strictly illegal commodity virtually everywhere to one which is for all practical purposes legal in many U.S. states — albeit with restrictions and regulations — and totally legal as of last month in Canada. As a result, a number of public companies have sprung up to grow and wholesale the crop. But this early in a newly open market, it’s still quite hazy how profitable those businesses might be, and speculation about that has led, inevitably, to volatile stock prices.
Should you invest in the marijuana sector? If so, which companies look more likely to justify their frothy valuations? And how much of anyone’s portfolio belongs in this segment? For this episode of Motley Fool Answers, hosts Alison Southwick and Robert Brokamp have recruited the best analyst they could find to address those questions and others: David Kretzmann, who heads up The Motley Fool group that focuses on the cannabis business. But first, it’s a wide-ranging “What’s Up, Bro?” segment as he gives listeners the skinny on a new capital gains tax break, reveals 10 major retailers — at least — that will price-match with Amazon this season, and checks in on the college debt situation in this country.
Bitcoin is overhyped: 10 better buys for you now
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and investing directly in Bitcoin was noticeably absent from their recommendations! That’s right — they think these 10 stocks are better buys.