This might have been the dream for future marijuana fiends, but it’s actually a reality. According to the Daily Beast, you can now actually invest in weed-related stock.

There are already 19 U.S. states that are allowed to toke up on medical marijuana. If you include Washington and Colorado, who last November legalised the drug for everyone in their states, then you can consider it to be quiet the stock market. The article states that a former Microsoft manager is on his way to creating the “Starbucks of Pot” when he gets his hands on the R100 million he needs to get it running.

Now you can count on marijuana for bringing you more than just a happy couch sitting. But just like pretty much everything, there are risks.

Hilary Bricken, a Seattle attorney:

These stocks are extremely speculative, and most of them are located in the pinks [penny stocks] anyway. Your risk assessment includes federal prosecution and asset foreclosure, at least as it concerns any business involved in growing or selling marijuana.

An example would be last Novmber, when a company decided to build the MedBox, a device used to store and disperse medicinal marijuana. When legalisation of the drug in Colorado and Washington was granted, their shares went from $6 (R60) to $205 (R2,061) within a week, before dropping to $20 (R200).

For the full article, click here.

[Source:The Daily Beast]