Should investors buy marijuana stocks?
Illinois recently became the 11th state to legalize marijuana for recreational use. As more states follow suit, legal cannabis spending is expected to grow over 200% from about US$9 billion in 2017 to $31 billion in 2022.
With these unparalleled increases in spending, marijuana stocks, including marijuana exchange-traded funds, with catchy tickers such as YOLO, an acronym for “you only live once,” are becoming more common.Advertisement:
So should people add these stocks to their portfolios?
The rise of socially responsible investing
As a business ethicist, I know that socially responsible investing has become more popular, especially with millennials. Socially responsible investments experienced a 38% increase between 2016 and 2018. At the beginning of 2018 alone, $11.6 trillion was invested in socially responsible funds. This translates into $1 out of $4 of all U.S. invested funds.
Investors committed to being socially conscious have more choices than ever and can expect similar returns to traditional investors.Advertisement: Advertisement: Advertisement: Advertisement: Advertisement: Advertisement:
- About to Buy Marijuana Stocks? Read This First | The Motley Foolwww.fool.comMarch 4, 2017
- How to Buy Marijuana Stocks - NerdWalletwww.nerdwallet.comDecember 18, 2018
- How to Buy Marijuana Stocks? - Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™marijuanastocks.comApril 17, 2018
- Marijuana Stocks Shunned by US Institutional Investors – For Now | Marijuanawww.marijuana.comMay 10, 2018