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Home 🌿 Marijuana Business News 🌿 Report shows that vice can pay, at least when investing 🌿Report shows that vice can pay, at least when investing
A new report out from investment app SigFig digs into the demographics behind so-called sin stocks: Investing in the likes of cigarette companies, breweries, casinos and marijuana. It turns out investing in sin can be lucrative.
One in eight investors have bought into sin stocks, according to the report, with 7 percent of investors buying into tobacco companies. Over 2 percent of investors have support marijuana companies; while just under 2 percent of investors go into both casino gambling and alcohol.
Turns out tobacco investors are older and generally live in the South, while investors in a new crop of marijuana companies are twice as likely to live in the New York tri-state area than the cushy hills of California.
And those who buy into tobacco are more committed. The median invested in tobacco is more than $12,000, and 6 percent of an investor's portfolio. The median marijuana investor...
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