As the laws surrounding the cannabis industry change rapidly, so are the share prices for the companies involved. While this phenomenon has brought a lot of smart and experienced investors from other sectors towards the green rush, much of their knowledge gained while investing in other industries becomes obsolete.
To put it bluntly, just because you understand stocks doesn’t mean you understand pot stocks. Even if you do know a lot about pot stocks, don’t you want to learn more?
There never has been a plant as important to mankind, yet so misunderstood as marijuana. For at least 10,000 years it has been tied to human civilization. It was important as a source of fiber, as an herbal medicine, and yes, as a psychoactive substance.
In Marijuana: The World’s Most Misunderstood Plant, Jeffrey Friedland explains why the plant affects us, its history, breeding, growing, and processing. The book describes how the plant is used today, from smoking to dabbing, from vaping to eating edibles. Additionally, the book focuses on the huge potential for marijuana-based medicine and why it works to suppress pain, as an anti-inflammatory, and for numerous diseases and conditions.
This book is a great starting point for anyone considering an investment in the cannabis space.
Whenever laws are changed, it creates huge opportunities.
In 1933, Liquor prohibition was lifted in the USA, which created a huge opportunity for gains for people who were alert and saw it coming. A similar trend is happening in the United States with the legalization of marijuana.
As several states have allowed partial legalization for medical purposes, and a few for recreational use, it provides a great opportunity to reap windfall gains. But with this opportunity, comes huge risks. Many of the companies are small and will fail quickly. Many are fraudulent and will take away your money.
In The Little Book Of Medical Marijuana Investing Secrets, Easwar Koovappadi provides an easy-to-read crash course on what to expect from your cannabis investments, and how to minimize risk. While this book is no replacement for advice from your financial advisor, this is a great first step for aspiring cannabis investors.
Marijuana Stocks: Variables for You to Consider & a List of 231 Marijuana Stocks Traded on U.S. Capital Markets
Anthony Cataldo, PhD, CPA, CMA, CGMA became interested in marijuana stocks while doing some academic research. He found that a portfolio of 40 marijuana stocks generated a return of 228% between January 2013 and January 2014.
In his book, Marijuana Stocks: Variables for You to Consider & a List of 231 Marijuana Stocks Traded on U.S. Capital Markets, Cataldo explains that you do not have to sit in front of the computer all day to make money in cannabis stocks. You simply buy the stock at a low price, and place a good til cancelled sell order once your long position in the security is established.
Whether you are a long-term buy-and-hold investor or a day-trader, his book will provide the tools to assist you as you examine publicly traded pot stocks in the newly emerging and expanding recreational marijuana segment of the U.S. economy.
As the saying goes, “knowledge is power.” These three books are a great way for beginners to increase their knowledge in the space, thus allowing them to take power over their green rush profits.
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