Like the bandwagon-chasing loser I am, I bought a weed stock last week

Trader Josh Brown buys Canopy Growth, explains why from CNBC.

I don’t really have any more to say than what I said on TV last week. A few days prior I had bought my first shares in a cannabis company, the only public company where I have a clear understanding of why they’ll make money and benefit from the inevitability of recreational marijuana across America. Canopy Growth seems serious about developing their products, and it’s a multi-pronged approach for them involving real estate, production, consumer brand awareness, big partnerships, etc.

You should read more about it than I’m able to discuss here, as I’m new to the story and don’t have any particularly important insights into the company’s plans.

And the best part is that because I don’t own a lot, I’m rooting for the stock to fall at some point to produce a better opportunity to buy more.

The second best part is my boy Todd Harrison will be proud of me, maybe tousle my hair the next time I see him.

Just a reminder, nothing on this site is ever a recommendation or solicitation for anyone to buy or sell any securities. I don’t give advice here, we do that in real life and not on the internet.

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