I work in the Pharmaceutical industry and specifically with two companies developing CBD and THC drug products. No way in hell would I invest in weed companies. The regulatory playing field is full of land mines and the rules keep changing daily. I saw one company bring $20 million in CBD into Canada only to have the government shut them down a few weeks later telling them that they couldn’t use it in product manufacturing, only research. They went bankrupt overnight.
The weed industry is like the California Gold Rush, with losers out numbering winners 50:1 on any given day. The difference with weed is that the Governments can say at any moment that you can’t do anything with it. Gold never had that problem.
