‘Pick-and-shovel’ stocks are the best way to get into the marijuana industry, money manager says – Business Insider

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Business Insider

Pick-and-shovel’ stocks are the best way to get into the marijuana industry, money manager says
Business Insider
According to Mahoney, most weed stocks are new to the market and don’t have a record of revenues and profits to support their “outrageous valuations.” However, old “pick-and-shovel” companies, which provide solutions, such as fertilizing, real estate

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