Today the stock market is sliding like crazy almost every stock in my portfolio is in the red. However there are 2 ETFs which I follow and both of them are up today:
YOLO
POTX
Both are Marijuana ETF's. Are you invested in weed stocks ?
I personally won't invest in marijuana stocks right now.
I think the legality is still fuzzy, the legal demand is overblown and the companies offering experimental drugs based on marijuana are not proven.
However I'm still watching these two ETFs because I am interested in the market as I think there is potential for growth there.
For me when big tobacco and big Pharma decides to jump into the marijuana business on a large scale is probably when I will start buying the stocks too.
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