Can you make money from pot?

As of now, there are 20 states that have approved medical marijuana and8 more that have approved recreational as well as medical use. So, is there an opportunity to profit? There are a number of companies out there that are getting their newsletters out as fast as they can so you can invest in this emerging industry. Do you remember the Y2K panic? How about the Dot-Com bubble? This is another case where you should take a step back. All I have seen available is buying penny stocks in the pot industry and the related companies. In my opinion, this is not a good way to invest. The penny stock business was huge a number of years ago and has virtually been dead until now. There are still a lot of Federal regulations that need to pass in order for income from the pot industry to be deposited legally.
This is a classic case of “if it sounds too good to be true”.

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