That big bet I made on the marijuana business is looking better and better as the years go by.
About 4 years ago, I move a great deal of my investment portfolio into the marijuana business.
This was more of a researched gut move than following the herd. Normally, I simply follow the herd when it comes to investing. I’m the first to realize that I’m far from a financial expert so I normally rely on those folks when it comes to my investments. But with the legalization of recreational marijuana starting to spread, I saw an opportunity years ago. And I shifted a big chunk of my capital to cannabis. When the politics suddenly shifted hard to the right, I was a bit scared initially. But I didn’t panic and instead stayed the course. It turns out that I may have been spot on with my bet on the marijuana business. With the past election cycle, it seems clear that cannabis is not as politically volatile as it once was. In fact, there were several very red states that ushered in new cannabis legislation this past election cycle. This sort of cemented the fact that there was going to be a lot more need for cannabis dispensaries in the coming years. The east coast in particular is now in play for legal recreational marijuana. Even the feds are gearing up to decriminalize cannabis. So my investments in a diversified marijuana business is something that I’m really proud of. I had the feeling and it was backed up by some research. And now, it looks as though my hunch is prepared to pay off big time.