RE:MAKING MONEY I like the Warren Buffet approach. Buy stocks in sectors you know and hold for a long time. Since I've been smoking weed sibce 1973 I think I know about potential the industry. The one thing I learned quickly was that it was the medical side that would bring legitimacy to cannabis. But I believe the recreational side will also do well. Then as the company grows so to does the investment.
However I also follow John Kaiser's bottom fishing strategy and have accumulated positions in a variety of cannabis stocks at very cheap prices, selling as they rise. I started doing that 5 years ago and build up positions in a number of familiar cannabis companies.9
I find these combined approaches have allowed full exposure to this emerging industry.
I am invested in lithium, cobalt, gold and clean technology using the same strategies. GLTA