Is now the time to buy marijuana stock?
Last Updated on Tuesday, 22 July 2014 01:37
Written by theglasshousetx
Tuesday, 22 July 2014 01:37
With the growing marijuana industry, is now the time to purchase stock? We’re no market experts, but Cody Willard is. He writes for the Wall Street Journal’s MarketWatch, and recently posted a summary of the best and worst stocks to purchase in the marijuana industry.
Willard’s biggest warning is to stay away from penny stocks. Playing penny stocks will likely lose you money. Not to worry, though – he offers alternative investment options, especially those that will supply the more industrial-sized marijuana farms, like Lindsay and Calgon Carbon.
Lindsay Manufacturing is headquartered in Omaha, Nebraska. It’s the manufacturer of Zimmatic brand center-pivot irrigation systems, and also manufactures farm and construction machinery, as well as road and railroad infrastructure equipment. Calgon Carbon is located in Pittsburgh, Pennsylvania and offers products and services that remove contaminants and odors from liquids and gases.
Another suggestion from Willard? Keep an eye on Potash Corporation. Located in Saskatchewan, PotashCorp is the world’s largest potash producer and the third largest producers of nitrogen and phosphate, three primary crop nutrients used to produce fertilizer.
What to stay away from, specifically? American Green ERBB, GrowLife PHOT, Hemp HEMP, Medical Marijuana MJNA, and any other hyped-up penny stocks.