Investing in Cannabis For Dummies

Invest in one of the most exciting and booming industries available today

Investing in Cannabis For Dummies takes readers on an illuminating and whirlwind tour of the legal cannabis investment industry. Written by a renowned expert in the world of cannabis, Steve Gormley (also known as the Cannabis Viking), this book provides an in-depth look at all aspects of publicly traded stocks (nationally and internationally) in the cannabis industry for medical or recreational use.

This book covers crucial topics for a firm understanding of investing in the cannabis industry, including:

• How to evaluate the strength of a cannabis company

• The differences between investing in public and private companies

• Investing in different cannabis silos - from cultivation, oils, and edibles, to technology

• Avoiding common scams and traps

• Trading strategy tips

Investing in Cannabis for Dummies is perfect for those who want to get in near the ground floor of an industry experiencing a massive expansion due to cannabis legalization around North America, Canada, and around the globe.

Auteur

Steven Gormley is CEO at Radiko Holdings. He's a celebrated expert in the legal marijuana sector and his analyses have been featured prominently in media outlets like Forbes, the Wall Street Journal , and Marketwatch. Steven is also Chief Operating Officer of Silverback Investments, Inc, a management company in the cannabis space.

Contenu
Introduction 1

About This Book 1

Foolish Assumptions 2

Icons Used in This Book 3

Beyond the Book 4

Where to Go from Here 4

Part 1: Getting Started with Cannabis Investing 5

Chapter 1: Taking the Nickel Tour 7

Weighing the Pros and Cons of Investing in Cannabis 8

Pros 8

Cons 9

Deciding Whether to Invest in Businesses That Touch the Plant or Those That Don't 11

Exploring Your Investment Options 12

Starting your own business 12

Investing in cannabis real estate 13

Buying and selling stocks 14

Diversifying with exchange traded funds and mutual funds 15

Considering private investment opportunities 15

Finding Investment Opportunities 16

Researching Investment Opportunities 17

Planning Your Investment Strategy 19

Investing in a Cannabis Business 20

Chapter 2: Exploring Cannabis Business Types 23

Choosing Sides: Medical or Adult-Use? 24

Investing in medical marijuana 24

Investing in adult-use marijuana 25

Recognizing Different Cannabis Business Types 26

Cultivation 27

Manufacturing 28

Processed product brand 30

Retailers/dispensaries 30

Device makers 31

Considering Ancillary Businesses 31

Breweries 32

Banking, payroll, and other cash management services 32

Blockchain and other technologies 34

Delivery services 34

Grow equipment manufacturers and suppliers 35

Marketing, public relations, and advertising firms 35

Professional employer organizations 36

Pharmaceutical and biotech companies 36

Real estate 37

Security services and security equipment suppliers 38

Software companies 38

Chapter 3: Understanding the Political, Cultural, and Regulatory Landscape 39

Recognizing the Impact of Laws on the Industry 40

Getting up to speed on U.S federal law and enforcement 40

Brushing up on state cannabis laws 44

Considering local laws, too 45

Examining cannabis laws in other countries 46

Riding the Waves of Politics and Culture 46

Checking the nation's pulse 47

Debunking misconceptions of cannabis and users 49

Examining activism 50

Tuning into cannabis culture 52

Accounting for the High Costs of Doing Business 53

Regulatory and compliance costs 53

Federal, state, and local taxes 54

Security costs 55

Chapter 4: Sizing Up the Risks and Rewards of Cannabis Investing 57

Weighing the Risks 58

Falling victim to con artists 58

Investing in an overvalued company 60

Accounting for dilution risks 61

Weighing the risks of potential commoditization 62

Recognizing the possibility of changes in how federal marijuana laws are enforced 63

Considering the impact of state and local regulation and enforcement 64

Evaluating risks associated with obtaining banking and financial services 65

Anticipating the impact of possible supply and demand imbalances 65

Considering the possibility of business failure 67

Assessing the Potential Rewards 67

Deciding Whether Investing in Cannabis is Right for You 68

Considering your investment goals 68

Assessing your own risk tolerance 69

Part 2: Doing Your Homework 71

Chapter 5: Exploring Your Investment Options 73

Comparing Public versus Private Investment Options 74

Understanding how companies raise capital 74

Investing in private companies 76

Investing in public companies 78

Investing Domestically or Abroad? 79 Investing in Cannabis...