Public sentiment is shifting toward recreational marijuana use in the U.S., and that's a good sign for pot stocks - and investors who get in ahead of the boom...
But, it's also benefiting Peyton Manning...?
Four new pot stocks to watch have just starting trading, all hailing from our neighbor to the North.
That's because a recent policy change in Canada has legitimized the cannabis business - a market that's expected to generate $3.4 billion a year in taxable sales over the next decade, according to government estimates.
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The recent boom in pot penny stocks almost seems too good to be true - and according to the Securities & Exchange Commission, it might very well be.
In the past few weeks, the SEC has been investigating several pot stocks-eight of which have now been temporarily suspended. According to the SEC, the suspended marijuana stocks were in violation of serious regulations, including instances of "manipulative transactions" and "unlawful distribution of securities."
Here’s where that leaves the state of pot penny stocks today.
It's not often a new kid makes it onto the commodities block.
Change can be disrupting... but it can also - in this case - be hugely profitable.
It's acquiring the marketplace qualities of long-traded commodities...
You may have guessed I'm talking about cannabis.
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