Investors’ Hope for Marijuana Business Too High In Spite Of Risks

As for where exactly to invest, the panelists urged caution.

“Do your research, find out who crosses their t’s and dots their i’s,” Denkin said.

Still, Ellins likened investing in shares of public marijuana companies now to tech stocks. Many tech start-ups go belly up, but anyone who invested early on in companies like Microsoft (MFST) or Amazon (AMZN) , for example, is obviously pretty happy.

Praw added that a lot of private equity companies are getting into the marijuana infrastructure business, even if they’re not investing directly in the green stuff.

Software, agricultural equipment, pharmaceutical testing, and real estate for warehouses, dispensaries, and cooperatives are all attracting investor interest, Praw said.

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