Marijuana Stocks – Smoke ‘Em If You Got ‘Em

Part of it is because the momentum has faded, and not just because of fears that the stocks are overbought. There have been many revelations over the last few months about how difficult it is to turn a profit for a medical marijuana dispensary or for-profit recreational growing operation. There are also reports about how many banks are reluctant to lend money to pot businesses or act as the financier of choice for marijuana stocks.

And, of course, trading in GrowLife (PHOT) has been suspended by the Securities and Exchange Commission. The SEC has concerns about “questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT’s common stock.”

It all adds up to a rather inhospitable environment for marijuana stocks going forward.

So, if you still have big gains in your medical marijuana stocks because you bought at a great time, it might be time to cash out. Or if you are sitting on big profits in other marijuana stocks like HEMP or CBIS, I’d highly recommend selling out at least a partial position now.

To read more, visit http://slant.investorplace.com/2014/04/marijuana-stocks-mjna-phot-hemp/

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