Buying Legal-Marijuana Stocks: Just Say No?

DISTRICT OF COLUMBIA:  Marijuana legalization in multiple states has ushered in a variety of companies and funds that are selling shares.

But should you invest?

Marijuana-related securities have arrived in the form of over-the-counter or penny stocks and special funds for accredited or high-net-worth investors. Some investors have been playing this market for several years already.

But while marijuana has been legalized for medical and recreational use in a short list of states, at the federal level marijuana is still illegal.