Weslosky with “the Wolf of Weed St.” on investing in the marijuana and hemp markets
November 11, 2014 — In a very special InvestorIntel interview, Tracy Weslosky, Editor-in-Chief and Publisher for InvestorIntel interviews “the Wolf of Wall Street” on the investment opportunities in the evolving marijuana and hemp markets.
Tracy Weslosky: Today I have the pleasure of speaking to the Wolf of Weed Street. I think you are the publisher and founder of MarijuanaStocks.com as well, yes?
The Wolf: Yes.
Tracy Weslosky: We are delighted to have you because I have all of these investors that are self-directed accredited investors, very large United States American audience, Canadian, Australian and European and they want to get involved in the medicinal marijuana blossoming market, but they don’t even know where to start. Where do we start?
The Wolf: Where do we start? I guess we can start at the beginning. You know, with any investment you’re always looking for the trends. In marijuana the trend seems to be that the picks and shovels will win the battle. What I always tell investors is to take a step back and really look at the ancillary businesses that are attached to marijuana. As you know, we just had an election so you had Oregon, Alaska and D.C. going. Florida didn’t unfortunately. I think you’re going to see a residual effect that companies that supply grow lights, companies that supply agricultural products, water, power, all of those are going to be, you know, very big topics and very good investments for people moving forward.
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Tracy Weslosky: Alright. Well, my audience is going to want to know what publically listed companies are currently on your hot list.
The Wolf: Well, today actually— the last week I was looking at Tweed, which is actually, you know, a Canadian company. They’ve been doing very well. I’m looking at some of the other Canadian companies cause they’re not seeing the impact of the elections and the ballots in the States. I’m looking Supreme Pharmaceuticals as one, Abattis, Affinor. I’m just looking at pretty much right now the Canadian companies because they’re not being affected by the emotion in the United States right now in the last couple of days. In the United States though I am looking at a couple of plays. I’m looking at Stevia, which is STEV and that’s a hemp play. I think hemp is going to be one of those products going into the future that everybody’s going to jump on.
Tracy Weslosky: Alright. I just want to jump you back and mention to you that we’re following Grow Pros because they’re utilizing cannacash to make wise investments at acquiring some of these companies right now during the growth period. Have you heard of this company?
The Wolf of Weed Street: What’s the symbol?
Tracy Weslosky: Grow Pros is MZO on the CSE. I noticed you have some CSE coverage as well.
The Wolf of Weed Street: Yes. I actually have spoken with the guys from MZO. Yeah, actually I have them on my ticker — was put through to them by a mutual friend. It’s like I told them, they have to really crack into the market and get off of the graze before the United States becomes really interested in the story. It’s all about narrative. Right now, especially in the marijuana sector, if you’re in the graze, you’re dead in the water, you know? All the volume is going to come from us unfortunately.
Tracy Weslosky: Well, I hear you and I think you’ve made a couple critical points, which I hope our audience will hear…for the rest of the interview, click here
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>