Wall Street Journal Market Watch writer on marijuana related stocks; what do you think? (INVESTING)

This isn't what I plan on doing for the remainder of my time with this blog, but I felt the need to write what I'm about to write after reading this article because I feel it needs clarifying.  He (the author of the article) says you've got to "be a dope" to buy into Marijuana related stocks.  He's both correct and incorrect.  Here is the link.

http://blogs.marketwatch.com/cody/2014/02/13/you-have-to-be-a-dope-to-buy-marijuana-stock/

For one, the market isn't even two months old - it's still in its infancy and not developed, so naturally there will be winners, losers, scammers, etc  This is without question.  NOBODY knows the future of this industry, nobody in Washington, Colorado, or in Congress, for that matter.  Think of the following question: will the plant become legalized in the future?  Maybe, and it might happen within my lifetime.  But will states or nations look at what is happening in Washington and Colorado (and Uruguay) and take note?  Yes.  As such, the economics of marijuana are subject to speculation and change.  Can one make money buying stock related to these industries and make money now?  Yes.  Is a stock, such as MJNA, a cheap option for someone looking for some quick returns?  Depends, and if you've got the money to blow, sure.  Is it dumb to bet the house and spend thousands of dollars on any penny stocks?  Yes.      

However, he does mention that for the well-informed, there is money to be made.  This is a fast-growing industry.  There are people making money in this space and there will be people who make money in this space.  Those who are active in sourcing news related to Marijuana and Hemp will probably be able to make some money if they understand what makes the industry-related stocks move (hint: investing shortly before state or federal elections or voting referendums are set to happen), or find a new space to operate in, then success could be attained.





Also, a quick note that I've gotten in touch with a tech startup in Denver called Cannabase, who are developing a browser-based service that connects wholesale growers to wholesale buyers (such as dispensaries, cooks, legal storefronts, etc...) in Colorado and will be conducting a full-on interview on Monday, February 24th.