Why I Will Never Invest in Marijuana Stocks

Whether you think marijuana should be legal or not, it looks like the trend is pushing toward legalization. But emotions still run high when it comes to marijuana and the companies that support the sale of the drug. The niche sector is fascinating to watch, but I have two big reasons why I won't touch companies like Aphria (NASDAQOTH: APHQF) and Canopy Growth Corporation (NASDAQOTH: TWMJF).

The first reason I will never invest in marijuana stocks is pretty simple: I don't like to invest in sin stocks. You can easily retort that marijuana is a medicinal drug, and I wouldn't argue with that. However, if that's why you're investing in the space then why not look at companies like GW Pharmaceuticals (NASDAQ: GWPH), Corbus Pharmaceuticals Holdings (NASDAQ: CRBP), and Insys Therapeutics (NASDAQ: INSY). These companies all have promising marijuana-related drugs in development.

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Source: Fool.com