A rural Pennsylvania-based investment research firm and short seller is keeping track of the hottest pot stocks to watch, for anyone interested in making a dime or two off investing in marijuana.
GeoInvesting has created a cannabis screen that lists and follows various pot-based stocks, most of which trade for mere pennies, but could see a surge in demand following successful legalization efforts in the U.S. and Canada.
The most recent addition to GeoInvesting's list—which has more than 80 stocks already—is MediJane holdings, which they added today. Other stocks in the cannabis screen include Hemp, Inc. (HEMP) and VaporBrands International (VAPR). In a disclaimer on its website, GeoInvesting says, like these and other pot stocks, MediJane has the potential to "ride the hype" of marijuana investment, at least in the short term.
But, in a more ominous sign, the disclaimer also notes that the firm's "decision to buy selected marijuana names is just based on our desire to ride the hype surrounding the sector and not an endorsement of their operations. In the long-term, most of the marijuana stocks being hyped will likely come crashing down."
Put another way, marijuana stock investments will likely experience a short term high before going up in smoke.
Mariah Summers is a business reporter for BuzzFeed News and is based in New York. Summers reports on hospitality, travel and real estate.
Contact Mariah Summers at email@example.com.
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