This article originally appeared on the Motley Fool. Twenty-nine states, the District of Columbia, Guam, and Puerto Rico now allow medical cannabis, with eight states plus D.C. permitting legal use of recreational weed and Canada on track to do so next year. More publicly traded marijuana stocks are now available, which presents opportunities for investors. However, there are challenges alongside those opportunities. Here's what you need to know about marijuana stocks before investing.
Note: This article was written several days ago and published on Avisol Capital Partners's Total Pharma Tracker, a marketplace service dedicated to helping investors sift through the noise and find biotech gems. Become a trial subscriber for free today! The last time we left Northwest Biotherapeutics (OTC:NWBO), I stated in a fairly cautious article that there are persistent risks associated with an investment in this company. Back in November, I did not feel that the benefits outweighed the risks for this small cap equity. But now we have news about their pivotal DCVax-L program, and there is around 6 months of news to consider.
Biotechnology to buy: The BioTech Stocks Package is designed for investors and analysts who need predictions of the best stocks to buy for the whole Biotechnology Industry. Package Name: BioTech Stocks Recommended Positions: Long Forecast Length: 7 Days (09/18/2018 – 09/25/2018) I Know First Average: 15.69% The algorithm correctly predicted 7 out 10 of the suggested trades in the BioTech Stocks Package for this 7 Days forecast. ACAD was the highest-earning trade with a return of 52.38% in 7 Days. Additional high returns came from PLX and NAVB, at 40.76% and 34.07%
Some investors are looking for a fast-track to building wealth, and that pursuit sometimes leads them toward penny stocks. After all, these stocks look inexpensive, and the payoff could be huge, right? The problem with this investing strategy, if you can call it that, is that penny stocks are notoriously volatile, and their businesses are often murkier than those of other publicly traded companies. And most importantly, you're far more likely to lose money buying a penny stock than buying stocks in good companies and holding onto it for years. If you're tempted to go the penny stock route, reconsider that decision by first looking at how Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Square (NYSE:SQ) have generated solid long-term returns for their investors and set themselves up for future growth.
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