The marijuana industry is officially coming of age. In 16 days, on Oct. 17, 2018, Canada is set to become the first industrialized country in the world to legalize recreational marijuana. In doing so, a path will be laid for pot stocks to generate perhaps $5 billion in added annual sales once the industry is fully up and running. It’s this expectation of rapid sales growth that’s pushed marijuana stocks notably higher since 2016…
But investing in the marijuana industry isn’t without risks. Just take a look at Tilray, which catapulted from around $100 a share to $300 in less than three days on the heels of a short squeeze then promptly gave back all of its gains — and then some — over the course of the next three trading sessions. Fortunes could be made and lost in the blink of an eye with volatile marijuana stocks, which means that if you want to invest in this space, you’ll probably want to take steps to minimize your risk. Here are eight ways you can do exactly that…
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