Cannabis stocks...are they a buy?

The market is still very much in its infancy if you ask me. Any investing done will be pure speculation and high risk.

The input costs I've read about to grow it on any sort of commercial scale are high and regulation is strict. There are supply chains to build, major distributors (such as grocery stores/pharmacies) need to buy in, and perhaps most importantly there is still a stigma attached to it that will inhibit market growth for a while yet.

All of this is to say that even though the government is coming around to the idea that doesn't mean the market will start booming overnight. None of that sounds like an appealing buy to me.

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and high risk.

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I'd monitor government ag policy and regulations closely as they're going through if you really want to jump out ahead. Talk to some farmers. Those in vegetable and tobacco cropping strike me as the best prepared to jump into it. See what they think needs to happen.

If they ever deregulate it enough to where your average Joe farmer can jump in and start growing it as well then you'll have something. Right now it's just major corporations and hobbyists. There's not enough supply to feed any major distribution.

If I was a betting man I would put this market's timeline on a decade or so. Maybe even a bit more. There's just no knowledge on commercially growing it or infrastructure and machinery to facilitate getting it to market yet (i.e. John Deere and co. won't have a mj harvester on the market for a while).

But hey, I've been wrong before. And I'm mainly discussing the building of a sustainable and healthy economy. Fundamentals. Stocks often move in complete ignorance of fundamentals due to excitement, speculation, or fear. I'm sure there will be money made on those movements in the meanwhile.