Australian marijuana stocks

Answer

Well, Juliette, I do think that medicinal marijuana and CBDs is going to be a business, it is going to be an industry. It’s relatively early but this stuff, the cannabinoids in hemp, the ones that don’t make you high, are efficacious. They do help stuff, they do help things and they do turn into medicines. There is going to be an industry in it. There’s also an industry separately in a lot of American states and in Canada for marijuana that people smoke to get high, so it is being legalised gradually everywhere as a drug to take like alcohol, and so that’s a business as well in addition to medicinal cannabis. But like a lot of early industries, there’s a lot of crooks and shonks involved and it’s a bit hard to tell which is which.

I’ve interviewed a few of them. Interviewing someone over the phone for 20 minutes, it’s very difficult to tell whether they’re a crook. Most of the time they don’t sound like it, it’s fine. It’s just one of those – it’s a bit of a wild west industry at the moment, it’s also very volatile. However, it is going to turn into an industry. I do think money’s going to be made here, some people are going to make some money and companies are going to do well. There’s one that put out an announcement today I saw called Botanix. I have interviewed them in the past, if you search the website you’ll be able to see the interview. I did think that they were pretty straightforward. It’s possible that most of them are not crooks, they’re just trying to get somewhere and trying to do their thing, and not all of them will make it. That’s the thing, even honest people go broke, of course. It’s one of those situations where it’s going to be difficult for a little while to figure out who’s who in the zoo and who’s going to make money and who’s not. If you’re going to invest in it, it would require a fair bit of research to be careful, to be sure.