My five favorite cannabis stocks and everything you need to know about marijuana investing. Join the Conversation in our Facebook Group   / 3083628104983203  

I love the conversations we have in the private Facebook group and I’m using it for our first ‘Ask the Bow-Tie Nation’. This is your opportunity to ask the community what it thinks about an investment or idea. We’re starting off with marijuana stocks this week because it’s something everyone has been asking for months.

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Honestly, I haven’t looked at cannabis stocks for about a year. The entire group was trading at such ridiculous prices for a while that I didn’t even want to touch it. There was just too much risk and not enough potential return.

But now that weed stocks have come off their high (yeah, I used a lot of puns in this video 😊) there might be an opportunity to invest. There is no doubt that marijuana companies have a long future ahead. The problem is finding the pioneers that will survive as the industry matures.

Most of these marijuana stocks are very small companies, penny stocks with a market cap less than a couple billion dollars and share prices under $10 each. Their size and a tough competitive environment mean many cannabis stocks won’t make it. That means you need to know how to analyze pot stocks and look into their financials.

I’ll first show you why the industry is such a tough one for companies and what I look for in cannabis stocks. I’ll show you how to analyze the financials and then reveal the five best marijuana stocks to watch right now.

Understand that these penny stocks are going to be extremely volatile. I’ve found some of the best stocks to buy but that doesn’t mean it’s going to be an easy ride. They will rise and fall with the news but should do very well over the long-term. That means you either need to be a short-term investor, profiting from the quick moves, or a long-term investor ready to wait out the tough markets.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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