Invest in Pot?



By Don Morgan

Now that marijuana is legal in two states--with a number of others at least looking closely--is it time to think about a ground floor stock market investment in pot?  

At least one financial expert said that's not a good idea right now.  

"It certainly wouldn't be a solid investment by any means--it would probably be what you would call a very speculative investment" said Ivan Sacks, who told 550 KTSA News all of those pot stocks making noise these days on Wall Street are very risky. He said your chances of losing money on them are much greater than making a fortune.  

"Generally, it's as high as 98% the chances of losing money rather than making any--so you have to look at whether you'll be in that lucky 2%" Sacks said, at least until more states legalize marijuana.  


 



 

Filed Under :  
Topics : Business_Finance
Social :
People : Don MorganIvan Sacks
KTSA AccuWeather
KTSA Traffic
Keyword Search
Business Directory
Search:        
KTSA Poll
 
ADVERTISEMENT