Topic: How To Invest

What is Pat’s commentary for the week of April 30, 2019

Article Excerpt

I attended an investment newsletter publishers conference last month, and one topic under discussion was, “What will we do when the Cannabis Boom collapses?” My view is that the collapse has already begun, but it’s likely to be a slow-motion affair. That’s because of the widespread notion—an example of a fixed investing idea—that cannabis is “The best ground floor opportunity we’ve seen since the early days of the Internet.” I’ve seen the quote above attributed to Forbes Magazine, and that’s quite possibly where it (or something like it) first appeared. I agree with the statement, but not in the sense in which it’s being used, which is to spur investors to put money in promotional-quality cannabis start-ups. Cannabis legalization may offer a great opportunity for small business start-ups. I met a young lady recently (the granddaughter of a friend) who has given up her two-year-old dental practice to launch a small CBD Oil store on the main street of her home in a..