Temper Your Excitement For Pot Stocks

NEW YORK:  It was only a matter of time before this subject came up: What types of investment opportunities does the fledgling legalized marijuana industry offer?

Whatever your position is on legalized marijuana, there’s no question that this is an industry that’s got many people seeing huge dollar signs for the future.

In 2012, Washington and Colorado became the first states to approve recreational use of marijuana.

“If it’s legalized in a number of states, there certainly is a large potential for companies in this industry, whether you agree with it or not,” said Brian Bruce, chief executive and chief investment officer of Hillcrest Asset Management LLC in Dallas. “If suddenly you have 10 states where it’s legal, there’s good revenue potential there.” [Read more…]

Marijuana Entrepreneurs Line Up to Cash In

WASHINGTON: Jim Willett has never smoked pot. His teenage sons think he’s a square. A former Navy pilot, Willett spent a year flying drug interdiction patrols along the Washington coast, checking for ships carrying bales of marijuana. For the graying retiree, voting against the state’s legalization of recreational weed last fall was pretty much a given. [Read more…]

Marijuana Entrepreneurs Line Up to Cash In

WASHINGTON: Jim Willett has never smoked pot. His teenage sons think he’s a square. A former Navy pilot, Willett spent a year flying drug interdiction patrols along the Washington coast, checking for ships carrying bales of marijuana. For the graying retiree, voting against the state’s legalization of recreational weed last fall was pretty much a given. [Read more…]