Merrill Lynch Is Bullish On Marijuana

Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry

NEW YORK: The investment arm of Bank of America, Merrill Lynch, sent out a 45 page equity report last week focused on prospects related to marijuana. Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry. The document is not publicly available. It was leaked to Read the full article…

Marijuana Stocks Hit Highs After Colorado Legal Pot Sales

Investors took the huge lines outside pot retailers in Colorado as a harbinger of potential growth in the still-new industry.

NEW YORK: Stocks of companies involved in the marijuana industry — medical or otherwise — hit fresh highs Thursday after Colorado launched the first legal US sale of recreational pot. Investors took the huge lines outside pot retailers in Colorado as a harbinger of potential growth in the still-new industry. With one study predicting a $10 Read the full article…

Don’t Get Burned By Marijuana Investment Scams

“Beware of any sort of guaranteed yield or return on investment, because no one knows how successful these companies are going to be. And beware of anyone who promises there’s no risk,” said Colorado Securities Commissioner Fred Joseph.

NEW YORK: It’s not exactly corn or wheat, but marijuana is now a cash crop that generates a staggering amount of money in the U.S. each year — $40 billion and growing by one estimate. The feds still classify cannabis as an illegal drug, but medical marijuana use is now permitted in about 20 states and Read the full article…