The simplest reason is an imbalance of supply and demand; if supply is insufficient to meet demand, as it often is in a brand new industry, prices rise. That’s one reason marijuana stocks have been rising, overall, for the past few years.
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Marijuana is still far from universally accepted, and until it is, the sector will continue to have great growth potential. That’s how investing works.
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Stocks in the marijuana sector are off to a flying start this year.
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As we approach the end of the year, and the entire investing world seems to be worrying about interest rates and tariffs, the question in my mind is whether now is a good time to buy some more marijuana stocks.
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Just a quick update on two of our positions and a bit of an educational component by using the strategy of averaging up, rather than averaging down.
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Now in its seventh year, MJBiz.com has over 1,000 exhibitors and more than 26,000 attendees, an increase of 137% from the year before. It’s BIG!
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Today's stock pick is a solar power company that changed its name from MEMC Electronic Materials.
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As a growth investor, I use Story, Numbers and Chart (SNaC) to select the best stocks.
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