I think a big question about investing in the inevitable proliferation of medical marijuana and hopeful advancement of legalized recreational marijuana is who the winners will be. Some companies, like Hemp, Inc. (OTCPK:HEMP) and Medical Marijuana Inc. (OTCPK:MJNA), have convinced many investors that they will be, but these companies have shady financials, to say the least. As the federal regulatory landscape becomes more clear, I am hopeful that investors will have real choices. Already Privateer Holdings, a private equity firm that owns Leafly.com, is taking steps to add some legitimacy to the investment arena. My guess is that there will be plenty of people who will make money, like this guy, who demonstrates how to convert marijuana into extracts in this informative video.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.