Marijuana’s First IPO - News | MERRY JANE
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Marijuana’s First IPO

Is it safe to play with pot in the stock market?

by Blake Taylor

In Trump’s America it is going to be important to understand the stock market and how much cannabis companies will thrive in the age of decriminalization. Whether you like it or not the stock market is going to be your best friend or your worst enemy.

 

According to Forbes, the New York Stock Exchange (NYSE) has just approved an IPO (Initial Public Offering) of Innovative Industrial Properties, a company that plans on investing in medical marijuana properties.

Because cannabis is still (surprisingly) federally illegal, they are risking breaking the NYSE’s requirement not to break federal law. Surprisingly, the biggest trading companies in the United States, New York Stock Exchange and Nasdaq, would not comment on the story.

Does that mean you should invest stock in Innovative Industrial Properties’ IPO (Initial Public Offering)? Perhaps not right now, but don’t rule investing out in the next four years.There is a lot of hype stemming from legalization in eight states for medical and recreational purposes and we should all ride this wave as long as it crests. However, that does not mean we should (literally) buy into the financial storm that has yet to play out.

Legalization has taken a firm stance in our elections in recent years and acknowledging the hard work of anti-prohibitionists should be center stage. We have plenty of amazing growers and entrepreneurs that have stepped forward as the forerunners of cannabis freedom and they need to be embraced and encouraged.  The fight is not over but many economists will likely advise against putting all of your eggs in this first basket that is being presented to us.

Donald Trump’s pick for Attorney General, Senator Jeff Sessions, has already shown his true colors as an enemy of pot, and we are in uncharted waters when it comes to the federal law of the land, despite the fact that most states have decided marijuana is harmless and helpful.

Deciding to invest money in marijuana within a federally regulated stock exchange is way riskier than investing in defense contractors. Save your money for the dispensaries within your state and wait until the time is right.  


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Blake Taylor worked for a leading medical/recreational marijuana grower in the Seattle area and has been a freelance writer for four years.



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