Investing in Marijuana Nutraceuticals
This Marijuana Stock is for the Dogs.
If you're a regular reader of these pages, you know I'm quite bullish on the legal marijuana trade.
In fact, last week I re-posted this small segment of Viridian Capital's 2015 cannabis market outlook:
We still remain very bullish on the industry and believe that there is a core, and sustainable, investment rationale for operators and investors, including:
...
- Colorado generated nearly $700 million in marijuana revenues in 2014, as the first state to launch recreational marijuana sales. This is a powerful incentive for other states to act.
- Oregon and Alaska have legalized recreational marijuana. We expect seven to thirteen states, most notably California, to introduce legalization initiatives in 2015 and placement on ballots in 2016.
- Positive federal initiatives in 2014: Supreme Court recognizes States’ rights to regulate marijuana; Congress bans government from interfering with the state medical marijuana laws.
- M&A activity increases
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